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Option #1: Develop a Risk Register

The Project Management Institute (Project Management Institute, 2017) defines the Risk Management Plan as containing some or all of the following elements:

• Risk strategy
• Methodology
• Roles and responsibilities
• Funding
• Timing
• Risk categories

This is outlined in both A guide to the project management body of knowledge and the Practice standard for project risk management.

Instructions:

For this milestone assignment, you will develop a Risk Register which will be part of your Portfolio Project.

Develop a fully exhausted risk register of the risks on your project and submit it for a grade. You will also include this as part of your final Portfolio Project in Module 8.

Option #2: Develop an Annotated Bibliography for a Risk Management Plan

The Project Management Institute (PMI, 2017) defines the Risk Management planning process as including:

1. Plan Risk Management
2. Identify Risks
3. Perform Qualitative Risk Analysis
4. Perform Quantitative Risk Analysis
5. Plan Risk Responses
6. Implement Risk Responses
7. Monitor Risks

Your Portfolio Project will detail the entire Risk Management planning process. You will include discussion and analysis of terms learned throughout this course. Your paper should describe each phase; how it is planned; and any inputs, tools and techniques, and outputs that can be applied.