29 Apr You are a project manager for a compliance-driven, complex project. You completed risk identification and risk analysis of 15 key risks tha
Assignment Details
You are a project manager for a compliance-driven, complex project. You completed risk identification and risk analysis of 15 key risks that could affect your project (Unit 2). You also proposed risk response techniques and approaches to monitoring and control (Unit 3).
Your manager is very pleased with your reports and wants you to create a risk management plan presentation for executive management. You need to discuss all risk management plan components and be ready to answer any questions that executives may ask during the presentation.
Executive management requested that you present 15 slides in total (excluding the cover slide) covering topics presented in previously developed reports. Those reports are long, and management insists on a PowerPoint presentation with verbal explanations. You need to use the Notes feature in PowerPoint to provide at least 2 sentences for each bullet point or graph. The company hired a consultant who created a template that contains all 15 slides, with slide titles, explanations, and examples.
Use the PowerPoint template provided to complete your presentation. NOTE: Please delete all explanations, instructions, and examples in the template. Replace the examples with original, project-specific content. You can use tables and information provided in your two reports previously submitted for review to your manager.
Please use attached Template For This Assignment
Submitting your assignment in APA format means, at a minimum, you will need the following:
- Title slide: Remember the running head. The title should be in all capitals.
- Length: 15 slides minimum
- Body slides: This begins on the slide following the title slide and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your presentation for this assignment is 15 slides. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
- Reference slide: References that align with your in-body academic sources are listed on the final slide of your presentation. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference slide is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
Risk Management Plan
Unit 4
Created by: First name Last name
1
Risk Management Processes
2
Explanation: Introduce and describe 5 risk management processes (risk planning, identify risks, analyze risks, plan risk responses, and monitor and control).
In notes, provide explanations and specific information, at least two sentences per bullet point.
Risk Planning: Text
Risk Identification: Text, text
Risk Analysis: Text, text
Qualitative risk analysis: Text, text
Quantitative risk analysis: Text, text
Plan Risk Responses: text, text
Risk Monitoring and Control: text, text
Risk Identification Techniques
3
Explanation: Explain tools and techniques to be used to identify risks.
In notes, provide explanations and specific information, at least two sentences per bullet point.
Brainstorming: Text, text
Interviewing: Text, text
Experience: Text, text
Expert opinion: text, text
Root cause analysis: text, text
Risk List
4
Explanation: Present 15 key risks identified in Unit 2 homework. In notes, provide explanations and specific information, at least two sentences per bullet point.
Example:
| Risk ID | Risk Description | Negative Risk | Positive Risk |
| Example | Unable to finish homework because Internet is down | Yes | |
| 1 | |||
| 2 | |||
| 3 | |||
| 4 | |||
| 5 | |||
| 6 | |||
| 7 | |||
| 8 | |||
| 9 | |||
| 10 | |||
| 11 | |||
| 12 | |||
| 13 | |||
| 14 | |||
| 15 |
Risk Breakdown Structure
5
Explanation: Identify key risk assessment categories (budget, schedule, human resources, etc.) with specific project risks identified in Unit 2 homework. In notes, provide explanations and specific information, at least two sentences per bullet point.
Example:
| PROJECT | ||||
| Category 1 Example: Technology | Category 2 | Category 3 | Category 4 | Category 5 |
| Risk 1 Example: Complex system interfaces | ||||
| Risk 2 | ||||
| Risk 3 | ||||
| Risk 4 | ||||
| Risk 5 |
Impact and Probability Matrix
6
Explanation: Create Impact and Probability Matrix (high, medium, and low) to define each level of impact and probability. Use Impact and Probability Matrix with specific project risks identified in Unit 2 homework.
You do not need any bullet points in this slide. Instead, paste the Impact and Probability Matrix. Use notes to explain Probability and Impact matrix components.
Example:
| IMPACT | ||||
| LOW | MEDIUM | HIGH | ||
| PROBABILITY | LOW | LOW | LOW | MEDIUM |
| MEDIUM | LOW | MEDIUM | HIGH | |
| HIGH | MEDIUM | HIGH | HIGH |
Risk Response Strategies for Negative Risks
7
Explanation: Explain risk response strategies for negative risks (mitigate, transfer, and avoid).
In notes, provide explanations and specific information, at least two sentences per bullet point.
Mitigate: Text, text
Transfer: Text, text
Avoid: Text, text
Risk Response Strategies for Positive Risks
8
Explanation: Explain risk response strategies for positive risks (exploit, enhance, and share).
In notes, provide explanations and specific information, at least two sentences per bullet point.
Exploit: Text, text
Enhance: Text, text
Share: Text, text
Risk Response Strategies for the Project
9
Explanation: Create Risk Response Matrix .
You do not need any bullet points in this slide. Instead, paste Risk Response Matrix with specific project risks, identified in Unit 3 homework. Use notes to explain Probability and Impact matrix components.
Example:
| Risk ID | Risk Description | Response Strategy | Action Plan |
| Example | Sudden loss of electricity | Mitigate | Purchase generators and large fuel canisters |
| 1 | |||
| 2 | |||
| 3 | |||
| 4 | |||
| 5 | |||
| 6 | |||
| 7 | |||
| 8 | |||
| 9 | |||
| 10 | |||
| 11 | |||
| 12 | |||
| 13 | |||
| 14 | |||
| 15 |
Risk Management Roles and Responsibilities
10
Explanation: List five key roles (risk manager, project manager, project sponsor, project team members, etc.) and clarify their responsibilities.
In notes, provide explanations and specific information, at least two sentences per bullet point.
Role 1: Text, text
Role 2: Text, text
Role 3: Text, text
Role 4: text, text
Role 5: text, text
Risk Management Budgeting
11
Explanation: Estimate money needed for risk management activities, process of changing budget, and a person responsible for authorizing budget change. Classify your budget into the following categories: labor (people), equipment, materials, other (travel, office supplies, etc.)
In notes, provide explanations and specific information, at least two sentences per bullet point.
Labor: $ amount
Equipment: $ amount
Materials: $ amount
Other: $ amount
How Is in charge of spending?: Text, text
How budget changes will be made?: Text, text
Risk Management Timing
12
Explanation: Explain frequency of risk management activities (daily, weekly, monthly, ad hoc, etc.), who and how will track timely completion of risk activities, and who will be responsible for authorizing changes to the established timelines.
In notes, provide explanations and specific information, at least two sentences per bullet point.
Frequency: Text, text
Who will track changes?: Text, text
Who will authorize changes?: Text, text
Risk Types
13
Explanation: Risk threats (negative risks), opportunities (positive risks), internal risks, and external risks.
In notes, provide explanations and specific information, at least two sentences per bullet point.
Negative risks (threats): Text, text
Positive risks (opportunities): Text, text
Internal risks: Text, text
External risks: text, text
Stakeholder Tolerance
14
Explanation: Categorize key stakeholders into two groups: risk averse, and risk seekers. Explain if homogenous or heterogeneous risk teams are preferred by your team) and justify that approach.
In notes, provide explanations and specific information, at least two sentences per bullet point.
Risk averse: Text, text
Risk seekers: Text, text
Homogenous: Text, text
Heterogeneous: text, text
Your team preference?: Text, text
Risk Monitoring and Control
15
Explanation: Explain who will audit risks and how frequently the audits will be done. Will you use internal auditors or external auditors? Will you select auditors from risk management team or outside that team? How new risks will be identified? How will you remove risks if they no longer affect your project? Are risk response strategies effective or not?
In notes, provide explanations and specific information, at least two sentences per bullet point.
Individual(s) responsible for monitoring risks: Text, text
Frequency of risk audits: Text, text
Will you use auditors from project team or outside the project team?: Text, text
How new risks will be identified?: text, text
How will outdated risks be removed?: text, text
Were risk response strategies effective or not?: Text, text
References
16
Instructions: include at least 3 sources used to complete this presentation. All references should be presented in APA format.
References
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.