Task, you will create a risk management plan. You have a budget of $100,000 and a timeline of six (6) months for the plan. Write a risk management plan component paper in which you:

1. Prepare the scope and objectives of the risk management process section of the risk management plan based on the facts presented in the case study.

2. Determine the project size, based on the facts presented in the case study.

3. Select the risk tools and techniques, and complete the risk tools and techniques section of the risk management plan for both the qualitative and quantitative aspects of the project. Provide a rationale for the selection.

4. Develop the risk reviews and reporting section of the risk management plan based on the project size previously determined.

5. Define the probability and impacts section of the risk management plan and justify the values assigned.

6. Define the risk thresholds section of the risk management plan and justify the values assigned.

Answer rating: 100% (QA)

Risk Management Plan INTRODUCTION This document is a Risk Management Plan for the Safety Measures at the British Petroleum defining the risk management process to be employed throughout the life of th... View the full answer