Deliverable Length: 5 - 7 pages Additional Information After completing your stakeholder analysis and developing your stakeholder register, you started working on your next project, which will be to develop a project charter. You started to gather information from various stakeholders via interviews and e-mails. The latest e-mail you sent caused quite a response. Several meetings were centered on the project charter, statement of work (SOW), work breakdown structure (WBS), and enterprise environmental factors and organizational process assets that you will use to complete the second and most important deliverable at this stage, the project charter. Jim comes to your desk one afternoon for further discussion. "Our team meetings on the SOW, project charter, WBS, and environmental factors and organizational process assets have been very productive," says Jim. "Thanks for getting this project charter moving in the right direction." "Anytime," you say. "So, based on our last team meeting, do you think we are ready to write a concise SOW and the project charter?" asks Jim. "I think we have enough information to assess risks, assumptions, define scope inclusions and exclusions, objectives, business need, milestones, high-level budget breakdown, acceptance criteria, and constraints," you say. "Have you ever prepared a WBS before?" asks Jim<.> "I have," you say. "Prior to working at ACH, I was an associate project manager for an engineering firm on the West Cost." "Oh, that's great!" says Jim, handing you a document, saying, "Here is a simple template that combines all three deliverables: the SOW, the project charter, and the WBS. Do you think you can update the project charter for me with all of the required information?" "Sure," you say, looking at the document. "You know, in my previous job, we developed three separate documents for these three deliverables.” Jim smiles and says, “Oh, believe me I know that, but as you know we’re a small organization and have developed our own ways of managing project records within the overall project management PMBOK® Guide framework. Remember, the PMBOK® Guide framework is a tool kit and we’ve taken from it what works well for us here.” Assignment Click here for the Project Charter Template. After Jim leaves, you start working on the project charter for the next meeting. You use all of the information you gathered and follow the direction under each section of the Project Charter Template to ensure completeness. *** Please use attached material for background information. Use attached Project Charter Template for assignment completion. Thank You!!!

A risk management plan is “a component of the project, program, or portfolio management plan describes how risk management activities will be structured and performed.” For the purposes of this class, the risk management plan will contain the potential risk events that could impact a project, risk analysis results, risk response plans, and the methods of monitoring risks.The definition above is taken from the Glossary of Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute Inc., 2017.Risks are events that can impact a project; by focusing on these potential events, project managers and other stakeholders can reduce the impact of these events on the project. For example, a risk for a hardware replacement project could be that the technology may change prior to completion of the project. One way to reduce the impact is to have contract terms with the hardware vendor to obtain the newest hardware.By completing the project risk management plan in class, you will be able to understand methods of identifying risks, performing risk analyses, determining risk responses, and monitoring risks. Assignment Details Part IFor this assignment, you will develop a risk management plan based on a project of your choosing.Some examples of projects include the following: Replacing computers in an office building Improving a claims process Developing a marketing strategy Building a bridge Taking inventory in a warehouse Creating a new software program for a bank You can get ideas for projects based on your experiences. For example, if you have a marketing background, the development of a marketing strategy may be a good choice. If you have experience in software, the development of software for a company could be an option. You can also view sample projects from one of the following Web sites: Rutgers Business School CIONote: You will use this project for the duration of this course. Click here to download a Word template for your project, or use the following shell to create your risk management plan: Risk Management Strategy and Plan Document Shell Use Microsoft Word Title Page Course number and name Project name Student name Date Table of Contents Use autogenerated TOC Separate page Maximum of 3 levels deep Be sure to update the fields of the TOC so it is up-to-date before each submission. Section Headings (create each heading on a new page with TBD as content except for the sections you are working on each week) Project Outline Risk Management Justification Project Risk Identification Project Risk Analyses Project Risk Response Strategy Project Risk Monitoring Project Risk Communications PlanPart II Create the document shell using the given template or the criteria above. The section headings should be centered and should each begin at the top of a new page. Page 1 – Title Page Page 2 – Table of Contents Page 3 – Project Outline Page 4 – Project Risk Identification Page 5 – Project Risk Analyses Page 6 – Project Risk Response Strategy Page 7 – Project Risk Monitoring Page 8 – Project Risk Communications Plan Page 9 – References This week, you will complete the Project Outline section. This is the overview of your project to include the project deliverable. You must include the following in this section: Describe your project and the project deliverable Identify the method for your project: agile or waterfall. Discuss why you chose this method. You will need to explain that again for your Sponsor in a memo in Unit 5. Discuss the overall risk management strategy for your project Describe the high levels of risk categories you believe risk events may occur in, such as technological, vendor, customer, employees, government, weather, and so on. Complete the Project Risk Identification section. List at least 5 risks for your project. These risks can be in categories such as weather, finances, resources, government oversight, unions, technology, and other areas. NOTE: Be sure to include the pages with only section headings and TBD as the content that will be completed in later units Please submit your assignment. For assistance with your assignment, please use your text, Web resources, and all course materials, including the Project Management Center.ReferencesAlexander, M. (2015, December 30). 6 strategic projects any business can implement in 2016. CIO. Retrieved from http://www.cio.com/article/3017781/project-managem...Project Management Institute (2017). Project management body of knowledge (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.Rutgers. (2017). Sample projects. Retrieved from http://www.business.rutgers.edu/mba-team-consultin...