Week 5 Assignment: Cost and Schedule Risk Management Plan

Purpose
The purpose of this assignment is to demonstrate your ability to integrate risk management with cost and schedule control by developing a risk register and contingency planning strategy.Assignment Description
Write a scholarly paper of 3–4 pages (excluding title page, risk register table, and reference page) that addresses the following required sections:1. Introduction
Explain why effective risk management is essential for integrated cost and schedule control.2. Risk Identification and Register Create a risk register table for a realistic project scenario (include at least 5 risks).
For each risk, identify probability, impact on cost and schedule, and potential triggers.

3. Risk Response and Contingency Planning Select three risks from your register and recommend appropriate response strategies (avoid, mitigate, transfer, or accept).
Explain how contingency reserves should be established and managed within the Performance Measurement Baseline.

4. Integration with EVM
Discuss how risk management activities should be monitored using Earned Value Management metrics.5. Conclusion
Summarize the value of proactive risk integration in preventing cost and schedule overruns.Assignment Requirements Length: 3–4 pages (body of the paper)
Format: APA 7th edition (title page, level 1 headings, in-text citations, reference page)
Include a professional risk register table
Minimum of 3 scholarly references (course textbook + 2 additional credible sources)
Scholarly writing: Clear, professional tone with proper grammar and mechanics.

Grading Rubric Highlights Comprehensive risk register and analysis (30%)
Strong risk response and contingency planning (35%)
Clear integration with EVM and overall conclusions (20%)
APA formatting, table quality, references, and writing quality (15%)

Note: This assignment builds directly on Week 5 Discussion and is critical for understanding how risk affects the Performance Measurement Baseline in later weeks.