Risk Management Plan
INSTRUCTION: ANSWER EACH QUESTION SEPARATELY WITH QUESTION FIRST AND ANSWER FOLLOWS AND THEN REFERENCES IN APA FOR FORMAT.
QUESTION #1. Now you need to schedule the project you chose in Unit I. Reread the scenarios from Units I , Based on the previous project information you created, the project priorities you set,
and your budget, you will now need to break down your project into activities. Using an Internet search engine, locate a project scheduling template or use the Microsoft Project trial software.
Build a WBS and project schedule using the templates or Microsoft Project. You will need to identify all dependencies and estimate your costs. Assign contingency reserves, and determine how
much reserve your team would estimate for the whole project. Justify and explain your choices and estimates.
QUESTION# 2. Risk Management Plan
Based on the project option you chose from Unit I and your previous decisions, you will need to write a Risk Management Plan for your project. Be sure to identify and assess major and minor
risks inherent to the project. Decide on a response type. Develop a contingency plan for two to four identified risks. Assign your resources to the project activities. Determine the best way to
use the resources you want on multiple projects, and develop a contingency play for your resources.
QUESTION# 3. Schedule Crashing
Using a template or Microsoft Project, create a detailed schedule for the project you chose in Unit I. It can be similar to the one you created in Unit III, but you may need to tweak it a bit if the
duration was not over two years. Then, prepare another detailed schedule that crashes your project duration by nine months. Save both schedules as PDF files. Using Microsoft Word, you also
need to prepare a paper outlining how the scope and budget might be impacted by the crashed schedule. Your paper should be at least 300 words. Submit both PDF versions of your schedule
and the Word document as one submission.
QUESTION# 4. High Performing Teams
Describe in your own words what you believe are the four most important characteristics of high-performing project teams for your project. Tell why you believe each is so critical, explain how
they are related to each other, and give at least two specific examples from your project for each characteristic. If you outsourced any resources on your project, explain why you outsourced
and how that outsourced relationship helped or hindered your project. Would you use that resource again? Why, or why not? Your assignment should be typed in Microsoft Word, be at least 300
words, and follow APA format.
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