Develop a risk management plan

Assignment Help Project Management

Reference no: EM132553770 , Length: 5 pages

You, the Consultant: Project Management Risk Identification & Recommendations

After their efforts to locate an individual with suitable qualifications failed, the Cynapse upper management team has contacted you, a consultant in independent practice, to develop a Risk Management Plan and make recommendations on standards to follow.

You have just visited Cynapse offices where you've met and interviewed individuals described above. You have been offered a contract this month as a consultant to Cynapse. You have been told that your ultimate job is to identify risks and make recommendations to management. Hence, in a 5 page overview (no Appendix), you are asked to:

1) Create a Risk Register identifying major project management risks and

2) Make managerial recommendations for both teams at Cynapse

From the practical standpoint, it is not likely that you would have an authority to hire and fire top managers, or to perform mergers and acquisitions, so proposals involving any of these are not likely to be accepted by the client organization. No org.charts are required. You need to first address the risks facing the Information Management/IM process. You also must address the growing IP (intellectual property) resource risks!
As a UMUC Graduate School student, base your understanding, recommended methods and best practices, on our readings assigned this semester only in PMAN 637, sessions 1-5. Please use the current version of the PMBOK Guide (PMI, 2017) only. See grading criteria under "Content" and writing instructions for paper format under "Content"/Writing Instructions.
A 5-page paper identifying risks in the Cynapse case and summarizing mitigation methods, tools and strategies studied in your readings is due by end of this session. Page 6 is for references, formatting in APA Style.
Reference
PMBOK Guide (PMI: 6th edition, 2017) Section 11.5.2 "Plan Risk Responses: Tools and Techniques" p.441 through 11.5.3.2 "Project Risk Mgt. Plan Updates", page 447: these six pages are important!

2. The Standard for Risk Management in Portfolios, Programs, and Projects (PMI, 2019), Section 7.2, "Integration of Risk Management into Project Management Process Groups", page 61.

3. "Agile Methods" For those interested in taking the PMP Exam see "Considerations for Agile/Adaptive Environments" under each "Knowledge Domain" in the PMBOK Guide (e.g. Page 178 for Schedule Management).

Reference no: EM132553770

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