Risk Management (graded)
Assume you have just been assigned to a project risk team composed of five members. Your task, as project manager, is to develop a process for handling risks to the project.Because
this is the first time your organization has formally set up a risk
team for a project, it is hoped that your team will develop a process
that can be used on all future projects. Your first team meeting is
next Monday morning. Each team member has been asked to prepare for
the meeting by developing, in as much detail as possible, an outline
that describes how you believe the team should proceed in handling
project risks. Each team member will hand out his or her proposed
outline at the beginning of the meeting. Your outline should include,
but not be limited to, the following information:
What methods should be used for identifying risks?Who should be involved in identifying risks?What should be considered when identifying risks?Risk Management Part II(graded)
As the work of your risk management team (from the first
discussion question) continues, the discussion of your team’s risk
management plan outline moves on and considers the following
questions:
How should the risks be prioritized?Who should do the prioritization of the project risks?How should project risks be monitored and controlled?Who should develop risk responses and contingency plans?Who should own these responses and plans?Assume you have just been assigned to a project risk team composed of five members. Your task, as project manager, is to develop a process for handling risks to the project.Because
this is the first time your organization has formally set up a risk
team for a project, it is hoped that your team will develop a process
that can be used on all future projects. Your first team meeting is
next Monday morning. Each team member has been asked to prepare for
the meeting by developing, in as much detail as possible, an outline
that describes how you believe the team should proceed in handling
project risks. Each team member will hand out his or her proposed
outline at the beginning of the meeting. Your outline should include,
but not be limited to, the following information:As the work of your risk management team (from the first
discussion question) continues, the discussion of your team’s risk
management plan outline moves on and considers the following
questions: