PROJ 586 Course Project ABC Groceries Week 5

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PROJ 586 Course Project ABC Groceries Week 5 
Create risk matrix, and address how risk response plans would be addressed – 20 points

Description

PROJ 586 Course Project ABC Groceries Week 5 

PROJ 586 Course Project ABC Groceries Week 5

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Week 5 Course Project Deliverables

Great job planning out your project, so far!

You and your project team are well underway with planning your project, and you know that it is very important to perform risk management.

This week, there is one deliverable:

  • Create risk matrix, and address how risk response plans would be addressed – 20 points

To help guide you through this deliverable, please follow the six step process of risk management found in the Lesson.

Using the Risk Matrix linked under Project Templates near the top of this page, identify five positive and five negative risks that could occur on this project, and complete the risk matrix. Write a five page essay to describe, in your own words, your risk management plan to include the risk matrix, risk responses, and how you will monitor and control these risks.

Preview:

Project is under budget. This risk occurs if the allocated project budget is not consumed after it completes.  To mitigate this, the project manager must be more careful in creating the project budget.  Alternatively…