Develop a contingency plan for potential risks


Assignment:

Assignment Content

Project plans outline the intended course of events; however, things don't always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management.

Add the following 2 columns to the project plan table you created- Apply: Project Plan:

1. Potential Risk Factors

2. Contingency Plans

3. Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4- Apply: Project Plan.

Use Microsoft PowerPoint®?, Prezi®?, or another software to create a 12 to 14 slide executive presentation-with appropriate images and diagrams-that summarizes the following information:

  • The organization's information presented in Wk 1
  • SWOT analysis and market trend research
  • Project objectives
  • How success will be measured
  • The value this project will bring to the organization
  • Project metrics
  • Timelines
  • Responsible parties
  • Potential risk factors
  • Contingency plans
  • Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide.

Cite all sources according to APA guidelines.

You will submit 2 different deliverables:

  • Updated project plan with potential risk factors and a contingency plan
  • Executive presentation with detailed speaker notes as a Word document within the presentation
  • Submit your assignment.

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Risk Management: Develop a contingency plan for potential risks
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