Posted: February 20th, 2017

Create a risk management plan that outlines the approach for managing risks in a project.

Project Introduction: The project will allow you to apply risk management concepts, tools, and techniques to a complex project, which involves building a playground in the back yard of a home. Through this project, you will identify and plan for risks that might happen in the course of executing the project. Course Objectives Tested: 1. Create a risk management plan that outlines the approach for managing risks in a project. 2. Apply risk identification techniques to document positive and negative risks in a project. 3. Analyze the impact of positive and negative risks on a project. 4. Develop options and actions to enhance opportunities and reduce threats to project objectives. 5. Evaluate the impact of program changes on the risk of a project. 6. Apply the Project Management Body of Knowledge (PMBOK) and Project Management Institute (PMI) standards in managing project risks.