create a risk template

Unit 3 – IP

Assignment Details

You will create a risk template, complete a weighted scorecard, and develop a risk response plan to assess the risks associated with the ACME Development Corporation (ADC) project (see project details under the Scenario below).
 

Scenario:

ACME Development Corporation, a developer of custom homes and apartment complexes, has decided to standardize its project management practices across its national organization. The goal is to standardize a single project scheduling tool and to have the tool installed and operational within 90 days. To this end, the company is forming a central project management office.

Until now, project managers (there are 40 presently on staff, distributed all over the United States) have been able to use whatever scheduling tool they liked, within their budget constraints. They have also been able to buy equipment and engage contractors at will. The PMO will determine one scheduling tool that all project managers will be expected to use, exclusive of any other scheduling tools. The PMO will also develop and implement standardized procurement practices. Because the project managers are located across the United States, a Web-based solution is likely to be the most successful tool.

As the project manager, you have been charged with implementing the procurement practices, and you decide that your first project will be the tasks below.

Part 1

Create a risk template with a minimum of 15 positive and negative      risks. Your template should identify the following:

Risk name

Risk description

Risk type (positive or negative)

Risk category (internal or external, material       related, labor related, and so on)

Probability or likelihood

Impact

Risk trigger

Risk owner

• You may use the Part 1 template as a starting point. Be sure to add      all the other required details above.

Use the following link to download and view a copy of a sample risk      template: Part 1 Template.

Part 2

• Create a weighted scorecard list of functional requirements for the      scheduling tool that you need to purchase for ADC. You should decide the      following:
• What risks and requirements must be included?
• What weight should each risk or requirement be given?
• List each of your requirement statements, 1 per       row, in the Requirements column.
• Document any project assumptions that you make in       footnotes.
• When you are finished, the Score and       Weighted Score columns should not be blank.
• Use the following link to download and view an       example of a weighted scorecard: Part 2 Template.