Develop a complete Risk Management Plan and Risk Register for a project.

Option #1: Risk Management Plan and Risk Register

The Project Management Institute (Project Management Institute, 2013) defines the Risk Management Plan as containing:

  1. Introduction
  2. Project Description
  3. Risk Management Scope and Objectives
  4. Risk Management Methodology
  5. Risk Management Organization

This is outlined in both A guide to the Project Management Body of Knowledge and the Practice Standard for Project Risk Management.

Instructions:

For this Portfolio Project, you will develop a complete Risk Management Plan and Risk Register for a project. The final project is due in Module 8, however, you have two preliminary deliverables (Milestones) for the project due in modules 3 and 6.

In Module 3: You will do two things:

  1. Select a project in your industry and submit an executive summary of your selection (high-level project charter). The executive summary should meet the following requirements:
    • Be 1-2 pages in length, not including the cover page and reference page. (If you use in-text citations, you must have also a reference page.)
    • Be formatted according to the APA Requirements.
  2. Begin to outline a Risk Management Plan for this project and add to it each week. You will not turn the outline in until Module 8.

In Module 6: You will develop a complete register of the risk on your project and submit this for a grade. This will also be part of your final submission of the Risk Management Plan in Module 8.

Your risk register should meet the following requirements:

  • Be 2-3 pages in length, not including the cover and reference pages that are required.
  • Be formatted according to the  APA Requirements.
  • Cite a minimum of six outside sources in addition to your textbook, four of which should be academic peer-reviewed scholarly sources, and include in-text citations to support your responses.

In Module 8:  You will submit your complete Risk Management Plan and Risk Register for your defined project. The final Risk Management Plan should fully encompass the components listed above—executive summary, outline, and register. Your final paper should meet the following requirements:

  • Be a minimum of 10 pages in length, not including the cover and reference pages that are required.
  • Be formatted according to the APA Requirements.
  • Cite a minimum of six outside sources in addition to your textbook, four of which should be academic peer-reviewed scholarly sources, and include in-text citations to support your responses.

For the steps required in Modules 3 and 6, refer to the Portfolio Project Grading Rubrics in the respective Module folders. Refer to the Portfolio Project Grading Rubric available in the Module 8 folder for information on expectations for the final project.