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Complete the risk-related sections of your project plan and submit your completed, final plan, including the final Executive Summary and the Reflections on what you have learned about risk management.
As you complete this assessment, think about an alternative approach to risk management and consider what you have learned so far about risk and how this approach may fit into your approach to risk management. In addition, think about how to bring risk management to the next level by proposing that risk management should be an endeavor at the enterprise level.
Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence.
The Assessment 4 Context [PDF] document contains important information about risk management planning covering the following topics:
Risk management process and activities.
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Identify the version of MS Project that is compatible with your operating system.
Download and install.
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Buy CSUEB Addison Fire Protection Plan
Complete and submit the following sections in your Project Plan Template, along with all previously completed sections.
Risk matrices are at the core of helping solving problems before they impact project scope, cost, schedule, and product quality. Clearly, one may categorize risks on what they are going to impact or the type of risk. For example, risks may relate to team personnel (training on a new technology, loss of key members due to illness) problems in the past with a certain vendor, and so forth. Best practice is to format the matrix in a hierarchy and list view including three levels of detail.
Risk Stakeholder Roles and Responsibilities
Risk stakeholder roles and responsibilities assist the project leaders in knowing who has been assigned to general and specific risks. This is helpful because there are now more eyes overseeing risks that could affect project progress. As with all matrices, this one can be expanded as “progressive elaboration” appears during a project. In order to create more table rows, simply place your cursor in the last cell in the lower right corner of the table and press Tab. Best practice is to format the matrix including three levels of detail.
Risk Management Process and Activities
Risk management processes and activities assist project leaders in knowing how to approach project risk processes. For example, there may be a need to update the risk watch list, or to have a procedure if a negative risk does occur. As with all matrices, this one can be expanded as “progressive elaboration” appears during a project. In order to create more table rows, simply place your cursor in the last cell in the lower right corner of the table and press Tab. Best practice is to include additional information and features to clarify approaches and processes.
Use your knowledge gained in this course from completing the previous project plan sections to create an executive summary for the project plan you are creating for this course.
The executive summary must be concise–contain all necessary information with the fewest words necessary–at no longer than 150-250 words. It will contain all of the following:
Explain who, what, where, when, why, and how.
List project priorities.
Describe the objectives of the project (much of this section is defined by your project charter, particularly the objectives).
List and describe the key stakeholders and customers.
Describe the final deliverables. (The project plan and supporting documentation is also a deliverable.)
Note the customer-acceptance criteria.
List major risks.
List project start and completion dates.
Estimate project cost.
Best practice is to present the summary in a manner that is clearly understood and supported by current research.
Complete the “Reflections: What I Learned” section of the Project Plan Template. Below are the questions you will respond to:
What did you learn from the project?
What was the most important thing you learned?
Is this information immediately helpful to you now?
How are you able to apply these skills to future IT projects?
Do you have any other relevant thoughts or comments on the course subject matter?
Best practice is to develop detailed reflections supported by best practices and current research.
Add sections as necessary to update any other sections of the Project Plan Template that may have been affected by the new information you have developed. There is guidance and additional comments in the template to assist you in this endeavor.
Upload the complete document with the following sections completed:
Version section updated.
Previously completed sections.
Risk Stakeholder Roles and Responsibilities.
Risk Management Process and Activities.