What techniques will you use to identify and analyze risks

Assignment Help Risk Management

Reference no: EM133915991

Assignment: Develop a Risk Management Plan

You work for a highly regulated organization that's 1 ½ years into its three-year enterprise agreement with Microsoft but hasn't yielded much value from its 15-million-dollar investment. The CIO is facing huge budget cuts and would like to better utilize the cloud to deliver value, reduce operational cost and ultimately show some return on investment before the next license renewal period. It's anticipated that the organization can attain 3 million dollars in cost savings a year by eliminating its on-premise server infrastructure. The MAzure and M365 programs were initiated to support the organization's cloud strategy. The MAzure program will focus on establishing the infrastructure and services needed to support cloud applications and services while the M365 program will focus on transitioning the organization's email (Exchange), collaboration (SharePoint, OneDrive), and productivity tools (Outlook, Word, Excel, PowerPoint, OneNote). The total budget for this effort is 3 million dollars with a fixed timeline of 18 months. A 20% contingency is factored into the budgeted amount.

As the portfolio manager assigned to oversee this strategic objective, you are tasked with developing a risk management plan to support this effort. Your risk management plan should address the following questions:

1. What's your risk management approach and strategy for this effort?
2. What techniques will you use to identify and analyze risks?
3. What processes will you use to respond to risk events?
4. How will you monitor and control risks?
5. How would you handle escalation, communication, and reporting of risks?
6. What are the risk threshold, risk tolerance, and risk appetite?
7. What strategies will you use to explore and evaluate opportunities for improvement?

Reference no: EM133915991

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