Describe the purpose of a risk management plan

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Reference no: EM133357287

Applied Project Management

Summary
Provide a brief introduction of your project including company, industry, reasons for undertaking the project, business justification and high-level project scope and any items excluded.

In a separate paragraph, clearly state what is the outcome of the project (product deliverables), how long will it take (project duration with start and end dates) and how much it will cost (project budget). This data should match with your final project schedule in Microsoft Project (mpp file).

Project Overview
This section of the Project Management Plan provides project description, the problem statement, project scope and objectives of the project for which the Plan is written. It also includes the project assumptions and constraints, a list of project deliverables, a summary of the project schedule listing milestones and project budget summary.
2.1 Project Description

2.2 Goals and Project Objectives

2.3 Project Assumptions and Constraints

2.4 Project Risks

2.5 Project Deliverables

2.6 Milestone Schedule

2.7 Project Budget Summary

2.8 Project Success Criteria

2.9 Definition and Acronyms
This section provides a glossary of all terms and abbreviations used in the plan.

3. Stakeholder Management

3.1 Overview and Purpose

3.2 Stakeholder Analysis

Tasks
Creation of the Activity List and attributes - Describe how project activities and activity attributes will be defined and who will be involved in this process. For longer projects, consider using rolling wave planning where activities in the near future are planned in detail while other later activities can be at a higher level. Consider the activity list from previous similar projects.

Estimation of activity resources - Describe how the needed quantities of human resources and equipment to complete identified activities will be estimated. Document the needed level of accuracy for the estimates and units of measure. Consider company's procedures, policies and resource calendars.

Activity duration estimates - Describe how the activity duration estimates will be developed and the estimating method (analogous, parametric, three-point, bottom-up). Document the needed level of accuracy for the estimates.

Approval of the schedule baseline - Who will approve the schedule baseline?

Performance reviews - describe the frequency of the schedule performance reviews. Describe how the schedule performance will be reviewed (e.g., earned value management, actual vs. planned dates, percentage completed, etc.). Document who will be involved in the schedule performance review.

Schedule control thresholds - Specify any acceptable variation from the schedule before the corrective measures are needed (e.g., increase in duration of the activity/work package by 15%).

Schedule performance - Describe how the schedule performance will be reported and the frequency of reporting.

5. Resource Management

5.1 Overview and Purpose

5.2 Resourcing Strategy & Assumption
[Define the resourcing strategy for the project. How will resources be acquired and released from the project?]

5.3 Resourcing Development
[When estimating the resources on the project, have you made any assumptions about those estimates?]
6. Cost Management
6.1 Overview and Purpose
[Describe the purpose of a cost management plan and kind of information included in it. Submit this document is to provide general content of a Cost Management Plan and to describe submission required in Microsoft Project format (.mpp file).]

6.2 Estimate Cost
[Estimate Cost is a process of developing an approximation of monetary resources needed to complete project activities. Use all three resource types (work, material and Cost) in MS project to develop initial project cost. ]

6.3 Contingency Reserve
[Contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are developed. Generally, how much money is reserved and its rationale are included here. Project contingency dollars are included in a total project cost.]

6.4 Budget
[Once the project costs or cost baseline is determined, a time-phased project budget is developed. Project budget shows how the project cost will be incurred by appropriate periods (months, weeks, quarter, etc.) during project performance period. Describe how your budget is developed.]

6.5 Performance Monitoring
[Describe your approach to monitor planned versus actual performance and matrices that will be used]
6.6 Project Reports
6.6.1 Cost Overview Report
[Using Microsoft Project, generate a Cost Overview Report. Attach report's pdf file here and also submit it in Canvas. Describe how you would use such a report.]
6.6.2 Cash Flow Report
[Using Microsoft Project, generate a Cost Flow Report. Attach report's pdf file it here and also submit it in Canvas. Describe how you would use a such report to generate project's cash flow needs.]

7. Risk Management
7.1 Overview and Purpose
[Describe the purpose of a risk management plan and kind of information included in it. Include discussion of both positive risks (or opportunities) and negative risks (Threats).]

7.2 Risk Identification
[Describe one or two risk identification methods that you would use. Include rationale for your method selection and how used.]

7.3 Risk Analysis
[Include description of how risk score is calculated and risk scoring values. Include both qualitative and quantitative risk analysis and how you would use on your project. State for which risk items you would use quantitative risk analysis and why. ]

7.4 Risk Response
[Describe strategies you would use for developing risk response for both positive risks and negative risks]

7.5 Risk Monitoringand Controlling
[Explain who and how risks will be monitored and reported.]

8. Communication Management
8.1 Overview and Purpose

8.2 Communication Matrix
[Attach your Communication Plan using the template provided. Embed the file here and attach it with your submission.]
8.3 Communications Guidelines
Communication Guidelines-Meetings:
1) Meetings must have pre-published agendas, prior to meeting request...agenda must accompany the OUTLOOK meeting request

8.4 Issue Management Process
[Describe your Issue Management Process. You may include a flowchart to explain your process.]
9. Procurement Management
9.1 Overview and Purpose
[Describe the purpose of a procurement management plan and kind of information included in it.]
9.2 Request For Proposal
[Attach your Request for Proposal (RFP) here. Also, include it in your submission in Canvas.]

10. Quality Management
10.1 Purpose
10.2 Quality Management Plan
State at least two project quality tools or methods that are relevant to your project
10.3 Quality Assurance
See an example below related to project management. Include at least two quality assuranceitems related to the product of your project.]
10.4 Quality Control
See an example below related to project management. Include at least two quality control items related to the product of your project

11. Integrated Change Control
11.1 Overview and Purpose
[Describe the importance and benefits of a Change Control Process.

11.2 Process Narrative
[Describe how the change control process is performed on your project.Include who can request, who reviews and the review frequency. Include decision points and process steps such as change evaluation, approval/rejection decision, communication of decision to applicable stakeholders, logging of entries in change log,etc. You may include a flowchart to show your process steps.]

11.3 Project Change Request Form
[Develop a Change Control Form and fill it out with pertinent for an approved project change request that impacts project schedule and cost both by at least 10% of the approved baseline. a Change Control Form.]
Attach PMP up to section 11 Change Control Process. Embed any attachments, MS Project revised schedule (mpp file) and MS Project reports (pdf files) in PMP, and submit in Canvas

Attachment:- Applied Project Management.rar

Reference no: EM133357287

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