Bus519 Week 4 Assignment 2 Risk Management Plan Bus 519 Week 4 Assignment 2 Risk Management Plan

Develop a list of risk breakdown structure (RBS) categories for this purpose. Justify each category within your RBS.

Write a twelve to fifteen (12-15) page formal risk assessment proposal and redraw the above diagram of a secure and risk-mitigating model in which you:

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.

* Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

* Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

3) Develop a risk response matrix similar to figure 7.7 to outline how would deal with each of the risks.

1. What are three ways that research can be conducted for risk-related issues? For each way, briefly describe how it may be done.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

pages, but the maximum length of your write­up is 10 pages, not including a cover page

A risk matrix is a simple way of ranking, different potential projects in terms of their potential benefit and the likely risks or costs in implementing them. Some projects may be very attractive in terms of potential benefits that they offer but have serious implementation difficulties. Others may be low value in impact terms but be easy to implement tomorrow. Ideally firms will want to choose a balanced portfolio of short and long-term, low-risk and high-risk projects (http://www.managing-innovation.com/tools/Risk%20Assessment%20Matrix.pdf). I chose this paragraph for my opener because it shows the delicate balancing act that all businesses must comply with. Every day a company has to decide between what

•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

8. Determine the key success criteria for your project. Provide a rationale to support your response.

Once the risks were ranked, I determined the probability of each risk and the impact it would have on the project if it did occur. These numbers are factored into the risk matrix below:

This cover sheet must be attached to all submitted written work with all sections completed.