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Assignment 2: Risk Management Plan Due Week 4 and worth 240 points Note: The
assignments are a series of papers that are based on the same case,
which is located in the Student Center of the course shell. The
assignments are dependent upon one another. In
this assignment, you will create a risk management plan. You have a
budget of $100,000 and a timeline of six (6) months for the plan. Please
refer to Figure A-1, Risk Management Plan Template, from Appendix A of
the Hillson and Simon text to create the plan. Write an eight to ten (8-10) page Risk Management Plan Component paper in which you: Prepare
the Scope and Objectives of the Risk Management Process section of the
Risk Management Plan based on the facts presented in the case study.Determine
the project size, based on the facts presented in the case study, and
provide justification based on Figure 3-4, Example Project Sizing Tool
(Chapter 3 of the Hillson and Simon text).Select
the risk tools and techniques, and complete the Risk Tools and
Techniques section of the Risk Management Plan for both the qualitative
and quantitative aspects of the project. Provide a rationale for the
selection.Develop the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined.Define the Probability and Impacts section of the Risk Management Plan and justify the values assigned.Define the Risk Thresholds section of the Risk Management Plan and justify the values assigned. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.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. The specific course learning outcomes associated with this assignment are: Apply
the concepts of risk management in a project context to develop an
appropriate risk management plan as a key element of the project
management process.Survey
the project sponsor, stakeholders, team membership and key decision
influencers to develop a qualitative assessment of the project risks and
apply the results to further refine the project risk management plan.Create
a schedule of project risk reviews appropriate to the organization and
risk including major, minor, and post-project threats and opportunities,
including archiving the results of the project risk plan is
incorporated into this schedule.Use technology and information resources to research issues in project risk managementWrite clearly and concisely about project risk management using proper writing mechanics.

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