RISK MANAGEMENT PLAN

The Following assignment is completing a RISK MANAGEMENT PLAN ON THE ATTACHED DOCUMENT IS is the correct TEMPLATE TO USE.

The company you are assesing would be a opening a coffee shop.

You have to complete the Risk Management Plan. The template is in DocSharing under Risk Register- and it can be broken down into sections again- please read it so you know what the risks entail. I thought since we have to come up with a minimum of each one of us can come up with 10-15 of them (5 positive and 5 negative) with a few extras just in case some of us come up with the same ones, we have extras to try and meet the minimum. Make sure you complete all columns for your 10-15 Risks.

For Each Risk you need:

1.      Risk Name- Example: Critical equipment does not arrive on time.

2.      Risk Description- If critical pieces of equipment do not arrive on time; the project will fall behind schedule.

3.      Impact- VH,H,M,L,VL

4.      Probability- VH,H,M,L,VL

5.      Risk Ranking- What is the risk color code ?

6.      Positive/Negative- Is this a positive or negative risk from the risk matrix?

7.      Proactive Response Plan- What proactively can be attempted to make the risk happen or prevent it? Break it down into steps.

8.      Trigger Event - What do you think will trigger the event?

9.      Reactive Contingency Plan- What are your backup plans if the risk should occur.

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