BSBPMG517 - Manage Project Risk - Management Assignment Help

Assignment Task

Assessment
Risk Management Plan
Scenario
Imagine that you are the Project Manager responsible for an upgrade to the busy Fortitude Valley China Town Mall. A budget of $20 million has been allocated to the project. The project involves:
Re-laying a new flooring on the 5000 square metre strip in the middle of the Mall
Installing 5 new pieces of Chinese art work in the centre of the Mall
Landscaping redesign
The project team comprises the following people:
Project Manager (you)
2 Engineers
1 Architect
1 Landscape Architect
2 Draftsmen
2 Artists
Key stakeholders include:
Brisbane City Design : Project Sponsor (they are paying for the project)
Brisbane Lord Mayor
The tenants of the shops in the Mall
Local community

What you need to do:
Develop a risk management plan for the project by using the template provided below:

INTRODUCTION

Purpose of the Risk Management Plan -  You need to explain why you are writing the risk management plan for this specific project. Also include the following: Who will be involved in developing the risk management plan? Who will be responsible for updating the plan? Who is the intended audience for the plan?]
Risk management ProcedureProcess[Summarize the steps necessary for responding to project risk. Explain the steps you will use to manage risk, including your consultation process]

Risk Identification [Explain how you will identify the risks? Who will be involved in the risk identification? What are the environmental factors you will need to consider to identify the risks? What are the project related factors you will need to consider when identifying the risks?]
Risk Analysis[Provide your qualitative and quantitative risk analysis method and tools]
Risk Response Planning[Explain the methods you will use to monitor risks]
Risk Monitoring, Controlling, And Reporting[Explain how you will track, monitor and report on risks throughout the project lifecycle)
Risk Management Plan:

INTRODUCTION
Purpose of the Risk Management Plan
Risk management Procedure
Process
Risk Identification
Risk Analysis
Risk Response Planning
Risk Monitoring, Controlling, And Reporting

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