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Risk Management Plan | Report

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Swinburne University

   

Risk Management (INF80043)

   

Added on  2020-02-24

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The common goal for developing the report is to demonstrate the problems that any project manager encounters while developing the risk management plan by developing the same for the case with proper identification of risk, analyzing the risks, and finding a  mitigation plan.

Risk Management Plan | Report

   

Swinburne University

   

Risk Management (INF80043)

   Added on 2020-02-24

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RISK MANAGEMENT PLAN University nameBN205: Project ManagementName of UniversityStudent’s Name:
Risk Management Plan | Report_1
Risk Management PlanTable of ContentsExecutive summary.....................................................................................................................................2Introduction.................................................................................................................................................2Background..................................................................................................................................................2Risk Management Plan................................................................................................................................2Identify Risk.................................................................................................................................................3Risk Analysis................................................................................................................................................3Risk response plan.......................................................................................................................................4Monitor and Control Risks...........................................................................................................................5Justification.................................................................................................................................................5Conclusion...................................................................................................................................................5References...................................................................................................................................................5List of TablesTable 1: Risk Identification..........................................................................................................................3Table 2: Risk Analysis...................................................................................................................................3List of FigureFigure 1: Risk Matrix....................................................................................................................................41
Risk Management Plan | Report_2
Risk Management PlanExecutive summary The common goal for developing the report is to demonstrate the problems that any project managerencounters while developing the risk management plan by developing the same for the case with properidentification of risk, analyze the risks and find mitigation plan.Introduction The approach or technique which are being adopted by the project manager to manage its threeconstraints of any project from getting overrun of schedule, then extra expenditure and not matchingthe quality standards with the available number of resources is called the risk management[ CITATIONIns16 \l 1033 ]1.Background Silicon Forest State University (SFSU) has many different departments, among all OIT (Office ofInformation Technology) looks about the Information technology systems. Currently, SFSU was facingthe problem in managing the proper track of their ticketing system which is being used to communicateand keep track regarding the issues which are faced on daily basis. So they decided to scrap is oldsoftware and configure the new one which is already present in the system but in very few departmentsonly. So for the above discussed job Ron Bashley was selected as the team leader and Harry Bonnettalong with Bob Biyon shall support him.Risk Management Plan The procedure developed to handle the situation in case some risks occurs, that what need to be donewhether shall accept it, divert it, share it or many more on the basis of pre studied the issue or theopportunities which can be enhanced but using the proper technique is basically the risk managementplan. The details and all the steps of the plan shall be discussed with proper examples in belowsections[ CITATION Sta17 \l 1033 ]2. The very first step in the process is to identify the positive and negative risks and then analyze itproperly by putting the numbers on the severity and the likelihood of the risk. Accordingly they arecategorized and the mitigation plan is developed.2
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