Risk Management Plan Week 2
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Turnitin™
This assignment will be submitted to Turnitin™.
Instructions
Objectives:
LO1: The student will understand the importance of risk management planning.
LO2: The student will be able to develop a Risk Management Plan.
Instructions:
Fill in the attached template for the project described below. You have limited available
information; therefore, you can make assumptions. In the “Procedures” section, be
sure to highlight the change that will be introduced in this particular project with regard
to the playground. In the “Risk Identification” section, be sure to include a discussion
on how financial risks will be identified, then further discuss these in the subsequent
sections, as appropriate.
Project Title: Building and opening a new Toy4All store
Project Description: Toy4All toy store chain wants to open a new store in a small
town. For this project, the Director of the Projects Department assigned Mr. Play as the
project manager, an employee with five years of service in the company. He will have to
plan and coordinate all activities related to the new store’s opening, which, unlike other
existing stores, will be equipped with a children’s playground. He will need to consider
the activities: building the store, setting up the interior and the exterior, supplying the
store with toys, defining the personnel structure, and preparing the store for the
opening. Also, the details regarding advertising must not be forgotten. The project
duration is one year and will end with an opening event.
Due to the professionalism proven when building previous stores, the company decided
to work with the same building contractor (for the construction phase). By now, all
licenses and permits required to start the work have been obtained.
The role of Mr. Play will not be easy. He was assigned due to his idea to include a
playground in the store, which, once applied, should lead to increased sales figures.
While the entire management has supported the idea, some heads of departments in
the organization were not very pleased by his assignment, considering him too young
Due on Oct 19, 2025 11:59 PM
and inexperienced for such a project. The most serious concerns are related to the
project’s impact on the already planned activities that will support sales in the holiday
season.
In the Assignment dropbox, please attach your paper as a file, do not copy &
paste.
Submit your assignment by 11:59 PM ET, Day 7.
Grading Rubric
A rubric is provided for your convenience that details how this assignment will be
graded. Please review it carefully prior to submitting your work.
