Introduction
The objective of this assignment, completed in several sections, is to create a risk management plan (RMP) that supports the selected project.
Guidelines
The RMP will be completed throughout this course with portions of the plan due each week from Week 2 through Week 7. The final plan will be due in Week 7, with the addition of risk monitoring and control.
The RMP will be graded on the quality of content related to project risks for a chosen project. Because this is a graduate course, proper use of citations, grammar, and sentence structure is required. References such as the company information for your project, textbooks, and other resources used to gather information must be in APA format.
You will create a risk management plan for a project of interest to you, defining how to conduct risk management activities for that project. You can choose a project based on your past work experience or find one in other sources. When selecting a project, avoid ones that are either too big or too small. For example, do not decide to solve world hunger (too big) or to plant your summer garden (too small). If you have any questions about the suitability of your project selection, please follow up with your professor for guidance.
You may also choose one of the following example scenarios for your project. If you select one of the example scenarios, you will also be required to look for a research paper about the scenario and the project risks that were encountered related to the scenarios. Share key points about similarities in the research paper compared to your risk management planning or analysis. The research paper must also be cited and referenced.
Project Risk Management – Project Scenario
Scenario: Ocean Exploration Project
A private investor is planning an oceanographic exploration. The mission is named Blue Whale Expeditions and the plan is to send an unmanned submersible to one of the deepest locations in the Bermuda Triangle. This mission is a precursor to possibly carrying manned submersibles to the same area(s) and for tourists in later years. The project will be managed at the Florida location and will be televised locally. There is some uncertainty and possible environmental considerations, as well as treacherous navigation at specific depths.
Risk Management Plan Deliverables
The risk management plan for your project must apply risk management processes learned from both of your textbooks, describing how risk management activities will be structured and performed. The assignments will include the following areas.
Week 1: Risk Management Plan Project
Create a one-page document of one to two paragraphs with a description of the company and project you will use for your risk management plan.
