at the project kickoff meeting, a team member asks what is the difference between the risk management plan and the risk register. You tell them:
Risk
It is an assumption or possibility of getting harmed or losing something which is very important and valuable for the organization and for the individual as well. Risk management and keeping records risk is very crucial to ensure that the organization or the individual is able to dodge and save itself from the harmful affect from any potential threat.
As per the above scenario let us discuss and understand about the difference between the Risk Management and Risk Register.
• Risk Management Plan mainly concerns about the identification and finding out the best possible manner to handle any potential threat to the organization but on the other hand Risk Register is mainly concerned with the maintaining the type of risk that has been faced and also the risks that might affect the organization in the future in a particular format.
• Risk Management Plan helps the organization to deal with the issues and threats that are currently in the market that can be very harmful for the organization, But on other hand Risk Register acts as a guide book which tells that which kind of risks have been and are going to faced by the organization and also tells that how to deal with such issues and threats.
• Risk Management Plan almost remains the same and tells the organization about the nature of the risk and as far as the Risk Register is concerned it mainly keeps on updating due to different situations in which the organization faces in the particular financial year.
• Risk Management plan is a the face of the risk management but on the other hand Risk Register is just a tool under the Risk Management system which tells about the different issue and how to deal with them.
at the project kickoff meeting, a team member asks what is the difference between the risk...
During the project meeting, you and your colleagues are reviewing the Risk Management section in the Project Plan (PP). You notice that it only lists10 risks in alphabetic order and none of them are related to security. You also notice from System Requirements Document (SRD) review meeting held last week that there is no security requirements listed in SRD. What should you do if you are not the project manager?
What are the roles and responsibilities of the owner,project lead, project manager and team leaders in the risk management plan in an eco tourism facility
4. What is the difference between using brainstorming and the Delphi technique for risk identi- fication? What are some of the advantages and disadvantages of each approach? Describe the contents of a risk register and how it is used in several risk management processes.
You have included a task in your project plan, ‘Risk Monitoring’. Your sponsor asks you what work is included in this task. Your response:
You are the newest member of the IT development team contracted to implement an enterprise resource planning system for a small retail chain. You are surprised after the project’s initial kick-off meeting that no one was there to represent the client. Following the meeting, you encounter the project manager in the hallway. What do you say?
How are risk management and quality management used in health care? What is the difference between them? What are the similarities? Explain.
What is the difference between External Complexity and Internal complexity risk profiles in a project - discuss with examples
Question 5 (two marks): At the commencement of a project, a member of a scrum team identifies a potential risk related to the amount of work needed to adapt a particular software package to implement some user stories. These user stories are important to the customer but they are not of the highest priority. This team member suggests that the scrum process should be adapted to account for this risk. What important changes should be made to the scrum process...
Please provide your own unique response to the following: What is the relationship between the risk response plan and external project influences? When would a market opportunity for a project be incorporated into the project risk management plan? How and when would you recommend that external project influences be documented in the risk response plan?
Develop a Risk Log (aka Risk Register), identifying ten (10) risks for a project you are currently working on. Format the spreadsheet such that it is understandable to all project stakeholders regardless of their knowledge of Project and/or Risk Management, and easily viewable, for reporting purposes. The format should be valuable to both technical team members and your project sponsor. Rubric Points Identification of Risks 50 Required Fields 20 Grammar and Proper Citations 10 Clear Format and Easy to View/...