Project Risk Assess & Control

Anonymous
timer Asked: Mar 6th, 2019
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Question Description

Complete each section of attached document using the Space Shuttle Challenger as the project management case study. Use the Project Management Institute Guide to the Project Management Body of Knowledge (PMBOK Guide) for in-text citations.


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Tutor Answer

Chucks574
School: UC Berkeley

Thank you so much

Running head: RISK MANAGEMENT PLAN

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RISK MANAGEMENT PLAN
Project Name: Space Shuttle Challenger
Learner Name:
Course Name:
Date:

RISK MANAGEMENT PLAN

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Risk Management Plan
Project Name: Space Shuttle Challenger
Learner Name:
Course Name:
Date:
Table of Contents
Section 1 – Introduction to the Plan ____________________________________________________________________________
1.1 Benefits of Risk Management _____________________________________________________________________________
1.2 Project Goals and Objectives ______________________________________________________________________________
1.3 Company Background ___________________________________________________________________________________
1.4 Risk Identification_______________________________________________________________________________________
Section 2 – Risk Scope, Components, and Value __________________________________________________________________
2.1 Scope of the Risk Management Plan ________________________________________________________________________
2.2 Risk Management Plan Components _______________________________________________________________________
2.3 Expected Monetary Value ________________________________________________________________________________
2.4 Determine the Risks _____________________________________________________________________________________
2.5 Evaluate and Assess the Risks _____________________________________________________________________________
2.6 Qualitative and Quantitative Processes _____________________________________________________________________
Section 3 – Risk Analysis and Assessment _______________________________________________________________________
3.1 Major and Minor Risks __________________________________________________________________________________
3.2 Risk Probability ________________________________________________________________________________________
3.3 Risk Matrix Template____________________________________________________________________________________
3.4 Risk Data Quality Strategy _______________________________________________________________________________
3.5 Risk Reviews ___________________________________________________________________________________________
Section 4 – Corrective Action and Monitoring ____________________________________________________________________
4.1 Risk Tolerance __________________________________________________________________________________________
4.2 Risk Mitigation _________________________________________________________________________________________
4.3 Corrective Risk Management Strategy ______________________________________________________________________
4.4 Corrective Action Plan ___________________________________________________________________________________
Section 5 – Postmortem Plan __________________________________________________________________________________
5.1 Results ________________________________________________________________________________________________
5.2 Follow Up ______________________________________________________________________________________________

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RISK MANAGEMENT PLAN

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Section 6 – References _______________________________________________________________________________________ 9
6.1 References _________________...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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