1. Develop a Risk Management Plan template that can be used for any type of project with the following characteristics:
A. The template must be in Microsoft Word.
B. The template must include the following sections with a brief sentence or two of instructions for each section:
I. Project Information – similar to ‘General Information’ in table 4.2 of risk textbook.
III. Roles and Responsibilities
IV. Risk Management Budgeting
V. Risk Management Timing – similar to ‘Risk Management Scheduling and Timing’ in table 4.2 of risk textbook.
VI. Risk Categories – examples include: technology, data, people, purchasing, etc…). You may come up with your own categories.
VII. Risk Probability/Likelihood and Impact Matrix
VIII. Project Stakeholder Tolerances
IX. Risk Reporting Formats
X. Monitoring and Controlling Risks
Note: Your template should not contain any project-specific information. You are not filling out or completing the template for a project, you are just creating a template that can be used later by project managers who need to create a risk management plan.