Conduct a formal Risk Plan for building of school project covering the following critical aspects; Identify the

Fantastic news! We've Found the answer you've been seeking!

Question:

Conduct a formal Risk Plan for building of school project covering the following critical aspects;

Identify the risks to start preparing a risk register.
Analyse the risks (both qualitative and quantitative risk analysis)
Plan risk responses
Track and control risks Minimum 10 risks to be identified.
Question 2:
The risk plan you have developed has been accepted and put into place. A contractor has been identified to execute the project. A formal contract has been created and awarded. Suppose, a risk appears during the course of the project. Assume this is a risk which has already been identified, listed in the risk register, assessed qualitatively and quantitatively and for which the risk responses were prepared.

Explain the nature of the risk and its magnitude. Provide all assumptions. Explain the consequences of the riskon
Schedule
Cost
Quality of the project.
Discuss how the Risk Management Process is launched to manage this risk.
Discuss the effects of this risk on;

The contractor
The client
It is expected you to consider the contractual obligations and implications. Provide assumptions including contractual terms.