Week Seven Individual Project Deliverable“ Create Risk Management Create A Project Risk Management Document Using

Week Seven Individual Project Deliverable“ Create Risk Management Create a project risk management document using the elements from this week’s lesson and reading
The document should be in Word and include the following elements: Planning – describe your strategy for handling risks in your project
Identification – list at least seven negative risks and three positive risks for your project
Qualitative analysis – use a probability and impact matrix, past experience, or some other technique to prioritize the risks
Quantitative analysis – based on the prioritization of the risks, determine a number for each risk such as a monetary figure or days the risk event will affect the project if the risks occur
Response planning – determine the strategy to handle each of the risks: Escalate, exploit, enhance, share, or accept for positive risks and escalate, avoid, mitigate, transfer or accept for negative risks
Response implementation – assume three of the risk events occurred and describe how the responses you chose worked to handle each risk
Monitoring – describe how you will monitor your project for new risks and review the implementation of responses for risks that have occurred
Tools such as data analysis, audits and meetings can be used for monitoring
A table in Word may be used for the Identification, Qualitative Analysis, Quantitative Analysis, and Response Planning sections
The other sections can be in paragraph form