Project Management Asstignment Help Study Writing Analysis Topic: Risk Management Plan

Prepare a risk management plan which includes the following –

– the risk context

– risk identification

-risk analysis and prioritisation

-risk resolution

-risk monitoring

-a schedule for risk management activities

Project Management Asstignment Help Study Writing Analysis Review:

Introduction

This paper provides and presents a descriptive report on risk management plan. To discuss and represent the risk management plan this paper consist a report that covers the following factors and elements mentioned below:

– The risk context

– The risk identification

– The risk analysis and prioritization

– The risk resolution

– The risk monitoring and

– A schedule for risk management activities

The above element and criteria is used to represent the overall risks that associated with numerous functional departments and activities within the organization like financial, marketing, human resources, production, economic and OHS (Occupational Health and safety).

To cover all the key issues and information the paper divide in several sections. In the first section provide a brief introduction of risk management planning and their categories. In next sections the paper presents a report on various risks that associated with different functional departments and activities within the organization. At the end in the conclusion section the paper summaries the all above discussion that helps to understand the overall information.

Risk is identified as the cause or an event that occurs in any project or an assignment which could be either positive or negative. The risk management plan is systematic, scientific and descriptive approach or procedure that designed to reduce, minimize and eliminate the numerous risks that associated with certain kind of events that happening or will be happen during the process to complete the project or assignment. Risk management is essential and very important part of planning of the business that helps to achieve the overall success within organization. In simply risk management is process through project managers and team members identifying the various risks, analyzing their impact by the help of present and past data and prioritizing those different risks and also finds out the solution for them. Risk also categorized as per their impact on the business or project.  All types of natural disasters like earthquake and other event like fire in workplace, accident in workplace come under common risk category. A part of this risk also defined and related to business practices, legal risks, financial risks, risks associated with marketing, human resources management, production, operation, economic and many other departmental risks. Risk management planning provides numerous tools and techniques that help to minimize and eliminate all the above discussed risks within business. (Whatisriskmanagement.net, 2012)

MD76

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