Homework
This case was written by Christoph H. Loch, Professor of Technology and Operations Management at INSEAD. It is based on real events, but the names of all companies and participants have been disguised. Any similarity with existing companies is accidental. The case is intended to be used as a basis for class discussion rather than to illustrate the effective or ineffective handling of an administrative situation.
Note: The homeworks depend on one another (last homework attached) In this homework, you will create a risk management plan. You have a budget of $100,000 and a timeline of six months for the plan. Please refer to the Risk Management Plan Template (Figure A-1 in Practical Project Risk Management) to create the plan.
Write an 8 to 10 pages paper in which you:
a. 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.
b. Determine the project size, based on the facts presented in the case study, and provide justification based on the Example Project Sizing Tool (Figure 3-4 in Practical Project Risk Management).
c. 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 selections.
d. Develop the Risk Reviews and Reporting section of the Risk Management Plan, based on the project size previously determined.
e. Define the Probability and Impacts section of the Risk Management Plan, and justify the values assigned.
f. Define the Risk Thresholds section of the Risk Management Plan, and justify the values assigned.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Dynamically-Managing-Residual-Risk.rar