need help with a risk matrix assignmentpossible scenario: implementing new software system for office must identify six risks
HYPERLINK “https://deltastate.instructure.com/courses/12328” MGT-650
HYPERLINK “https://deltastate.instructure.com/courses/12328/assignments” Assignments
HYPERLINK “https://deltastate.instructure.com/courses/12328/assignments/59311” IRR 622 3rd Assignment
IRR 622 3rd Assignment
Due May 1 by 11:59pm
Submitting a file upload
Available Mar 21 at 8am – May 1 at 11:59pm about 1 month
The bulk of the course will involve developing a risk management plan. What we will do is go through the steps listed in the document “Steps in Developing a Risk Management Plan”.
In the development of a risk management plan, the first step is to understand how risk management works. During the semester, you should have gleaned the first step from your readings and other assignments. So, now you will do Steps 2 through 6.
2. Define your project. Let’s pretend you are responsible for a computer system to be transferred into a newly built hospital. Your task is to develop a Risk Management Plan for this IT migration. This will be a simplified model where Risk and Impact are listed as High, Medium or Low (that is very common especially in Project Management).
3. Get input from others. Brainstorm on risks. Try to keep an open mind about ideas. “Out of the box” thinking is good, but do keep control of the session. It needs to stay focused and on target.
4. Identify the consequences of each risk. Associate each risk with the consequences arrived at during that session. Be as specific as possible with each one. “Project Delay” is not as desirable as “Project will be delayed by 13 days.” If there is a dollar value, list it; just saying “Over Budget” is too general.
5. Eliminate irrelevant issues. If you’re moving, for example, computer system, then threats such as nuclear war, plague pandemic or killer asteroids are pretty much things that will disrupt the project. There’s nothing you can do to plan for them or to lessen the impact. You might keep them in…