Subject: Project Management Hello, I was hoping you could write a letter to my team paper. I have attached the file which explains how the letter needs to be written. In the File "MGMT640 team 02 Ass
MGMT 640: Project Management – Team Assignment two, due by end week 8
Risk Management Plan
As a team, develop a risk management plan for the project you have been working. The plan must include the following sections:
This assignment is the follow up of your first team assignment, so make a connection.
Risk identification, including WBS code, RBS (risk breakdown structure) and a brief description of each failure mode.
Qualitative analysis: Briefly describe and rate the risk priority number (RPN) constituents of each of the risks identified.
Risk Response Matrix.
Failure Response Matrix.
Attention! Minimum 3 internal and 2 external risks must be identified.
Realistically, how is risk management done in organizations? Write a persuasive letter to the Project Sponsor of the organization demonstrating the value of risk management and requesting that the practice be expanded to all projects with cost estimated over $10,000. Format this letter as business correspondence (include letter head, date, and signature) and write it from your perspective as a Project Manager. Make reference to at least 5 or 6 reference materials. Follow the rubrics provided in the course syllabus and use the APA guidelines.
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