Business Risk Response Plan for Expansion
Getting Started
Throughout this course, you will have the opportunity to discuss various tasks, deliverables, and tools that help in project preparation, scope management, communications management, quality management, schedule management, risk management, and integration management. For this assignment, you will submit a case report to suggest response strategies for “project management” risks.
Resources
Textbook: Agile Fundamentals: A Comprehensive Guide to Using an Agile Approach
Textbook: PMP Exam Prep
Article: Risk in Building Design and Construction
Website: IWU Resources Page
Website: Evaluating Sources
File: Risk Analysis & Response Plan
Article: Risk Response Strategy
Background Information
With a prioritized list of risks and an effective risk response plan, there is a much better chance that the project will be successful. This is especially so because risk responses are measures that are implemented proactively before risks occur.
Instructions
Review the following resources:
In Agile Fundamentals: A Comprehensive Guide to Using an Agile Approach, Chapter 3: Value Driven Delivery, “Managing Risks
In PMP Exam Prep, read Chapter 11: Risk.
Article: Risk in Building Design and Construction
Article: Risk Response Strategy
In this assignment, you will write a Risk Response plan for the expansion project for CafeLatte, as described in assignment 2.3.
Identify at least 10 risks in the project.
Evaluate and prioritize those risks, and then suggest strategies that will mitigate the high priority risks (i.e., high likelihood and high impact).
Propose responses to the high priority risks. d. Use a template of your choosing or design to draft a Risk Response plan.
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