Risk Response Plan Paper

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Business Finance

Description

Use the same company/project idea you used in the Learning Team assignment from Week 2. The topic from week 2 was a construction of a home.

Write a 1,050- to 1,400-word paper in which you address each of the following items:

  • What is the purpose of a risk response plan?
  • What is a risk owner?
  • Who should be appointed to own risk on a project?
  • What is a risk owner's role in the risk response plan?
  • How should a project manager assess and deal with risk?
  • List and describe the most common areas of the project where risks can originate.
  • List and discuss at least two types of risk for each area.
  • In the project you discussed in Week One, what were the risks and how were they handled?
  • Should they have been handled differently?

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Explanation & Answer

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