Risk Management Planning
Please disregard the questions listed in the case, and answer the following instead–
1. Who should be involved in the process of developing the risk management plan in this case?
2. Should risk management planning be performed in the proposal stage or after contract award, assuming that it must be done? Please explain
3. Can the customer expect the contractor to perform risk analysis even if it is not called out in the contract? Please explain
4. If you were the PM on this, what would be your top 2 arguments to convince the sponsor that a risk management plan is required?
5. In class we discussed that the level of investment (not $, but rather effort) in a risk management plan may vary. What should be the investment in this case, and why? [would you populate the entire Risk Management Template we discussed in class, or only part of it. Please explain] (I upload 5 PPT you may use for this question)
– 12 size font, double spaced, do not exceed 2 pages. no citation needed.
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