Follow the instructions on page 286 of your textbook, and complete the example project which is at the bottom of the page. Create your own example for a project. Follow the instructions, and submit a no less than four-page Word document answering the questions for the project.
Be sure to use APA format and cite your work. When you get to the facilitating a discussion with the sponsor, use your imagination to create a discussion with a fictitious sponsor.
Instructions from page 286:
Create a risk register for your example project. Categorize each risk, list potential causes, and list potential responses for each cause. Describe what each project success measure looks like on your example project. Identify at least three risks to each success measure, determine which are major risks, and for each major risk develop one or more contingency plans. Identify whether the contingency plan is an avoidance plan (reducing the probability of the risk event), a mitigation plan (reducing the impact of the event), or both. Facilitate a discussion with the sponsor and other key stakeholders of your project. Have them determine the relative importance of their priorities and document them. Perform a risk review for your example project. Use at least three types of review. Which of these types gave you the most useful information? Why?