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Risk for Project Example

In: Historical Events

Submitted By yoman77
Words 1894
Pages 8
Payam Banikarimi Course Project

Risk Plan As we know there are some uncertain events that can impact to the project objective that called Risk. Therefore, I consider the following set of process that Risk Management must do these. Overall, Risk management should involve identifying, assessing, and responding to project risks in order to minimize the likelihood of the potential impact of the events on the accomplishment the project out comes. Managing risk includes taking action to prevent or minimize the impacts. Risk management should try to plan the risk levels during the initial phase of the project life cycle to make sure. However, I believe that whole of Risk subjects depend on a project size because impact measurement and type of risk might be differ in various project sizes. So, the project manager should perform various steps of the process of risk management and decide how to control them that consist of: * Identifying risks and their potential impact, * Assessing the likelihood of occurrence and degree of impact of risks, * Risk response planning, * Risk monitoring, Roles and Responsibilities Risk identification includes determining that risks may affect the project objective and each risk would impact on portions of the project. In order to, the project manager should involve key project team members in identifying the sources of risk. Each member of the team can deliver its report and the result to upper level manager who can report whole of results to the project management. There are some team and managers in my project such as HR manager, financial manager, and their teams and designer teams, Training teams and employee who have responsibility for identifying, and assessing on the risks. Budget/ Risk As the scope statement has been stated the project budget will be

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