Risk Assessment

APA Format

In this assignment, you will create a risk management plan for the risks that you identified in the previous module.

See the Project page for a full description of the project for this course. (The Project page is accessible from any page within this course by clicking on the Project tab in the top navigation bar.)

Procedure

1.    Review the risk assessment matrix and executive summary that you produced in the previous module.

2.    For each risk event that you identified as warranting a response, decide the following:

§  What your response will be: avoid it, mitigate it, or accept it.

§  Your approach for handling the responses that you will avoid or mitigate. Remember to consider outsourcing possibilities.

§  The consequences for risks that you will accept, if those risks occur, and why you believe those consequences are acceptable.

3.    Use the results of the previous steps to create a risk breakdown structure (RBS), risk register, and a risk management plan.