Project Risk Management

Running head: PROJECT RISK MANAGEMENT
Project Risk Management
Holiday Trip Planning
Name of the Student:
Student ID:
Name of the University:
Author’s note:

1PROJECT RISK MANAGEMENT
Table of Contents
1. Risk Assessment..........................................................................................................................2
1.1 Risk Identification.................................................................................................................2
1.2 Risk Assessment....................................................................................................................3
1.3 Risk Response Development.................................................................................................3
2. Leadership....................................................................................................................................4
3. Managing Project Teams.............................................................................................................5
4. Lesson Learnt...............................................................................................................................5
Bibliography....................................................................................................................................7

2PROJECT RISK MANAGEMENT
1. Risk Assessment
The project of Holiday Vacation Planning would be developed for the planning and
listing of effective information management. The planning of the holiday vacation would include
the assessment of the beginning and end time, scope identification, and alignment of the
successful information management. The risk assessment would be done for ensuring the
alignment of the innovative analysis of the works. The completion of the risk assessment would
be responsible for the implication of the effective work alignment and management. The
followings sections would identify the risk, assess the impact of the risk, and develop responses
for the identified risks. The completion of the risk assessment would be done with the allocation
of the information and utilization of the risk assessment form. The form would provide an insight
of the risk event, its probability, impact, and mitigation strategies.
1.1 Risk Identification
The risk identification of the project of Holiday Vacation Planning would be done based
on the factors of financial, operational, and procurement. The risks can be related to procurement
and human also as the work has diversified range of accomplishment. The identified risks of the
project include lack of information, delay in completion, and shortage of resources. Moreover,
the alignment of the information would be developed with the implication of the innovative and
implied project development. The human mistakes is another possible risk that can result in the
major issues with the completion of the project. The procurement of the resources with the
developed alignment would be helpful in aligning resources. However, the issues in procurement
would result in formation of the procurement issues.