Highlights
Read the learning module section 1 – 2 and the simulated business scenario – Appendix 1. Ensure you are familiar with the scenario details.
As a manager, you are required to develop a risk management plan for a project, use the answer sheet - Appendix 2 to document the process:
To start the risk management planning, you need to identify the goals or objectives and its scope and critical success factors for risk management.
Identify the stakeholders of the provided workplace.
Identify the key issues for stakeholders and the methods of communicating and obtaining support for risk management activities.
Identify external factors that could have an impact upon the success or otherwise of the project.
Identify the relevant parties what you would consult with when developing a risk management plan.
Use appropriate tools and techniques to identify at least five (5) risks associated with the project. For each risk explain: what can happen, when and where, and how and why? And, explain how you used the tools and techniques in order to analyse cause and effect?
Submit all documents as required in the specifications below to your assessor. Ensure you keep a copy of all work submitted for your records.
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