Create a Risk Management Plan Table on the following case.

EXAMPLE

CASE

RBS LEVEL RBS LEVEL 1 1. TECHNICAL RISK RBS LEVEL 2 1.1 Scope definition 1.2 Requirements definition 1.3 Estimates, assumptions, and constraints 1.4 Technical processes 1.5 Technology 1.6 Technical interfaces Etc. 21 Project management 22 Program/portfolio Management 23 Operations management 24 Organization 25 Resourcing 26 Communication 2. MANAGEMENT RISK ALL SOURCES OF PROJECT RISK 3. COMMERCIAL RISK 3.1 Contractual terms and conditions 3.2 Internal procurement 3.3 Suppliers and vendors 3.4 Subcontracts 3.5 Client/customer stability 3.6 Partnerships and joint ventures Etc 4.1 Legislation 4.2 Exchange rates 4.3 Site/facilities 4.4 Environmental/weather 4.5 Competition 4.6 Regulatory Etc. 4. EXTERNAL RISK IceBerg Productions (IceBerg), an event planning company, has been contracted by the Stormfront Stadium steering committee (steering committee) to manage a large musical festival to be held March 15, 2022 from 11:00 5:00 PM. The outdoor stadium can ccommodate up to 30,000 people, but only ten thousand are expected to attend. The stadium will provide security, handle marketing and ticket sales IceBerg's budget is 30 million dollars, mostly for the musical talent. Some of its resources will be probably be vendors. IceBerg will be planning the event, ensuring overall operations, hiring and managing the musical talent, catering food, and managing the set-up and clean-up. The Steering Committee plans to provide dotted-line direction to the IceBerg program manager, handle advertising/ticket sales, provide the facility, which includes musical stages and lighting. The musical talent will be responsible for its own stage equipment and sound. Iceberg's core group will consist of a program manager, a lead, several other senior team members, and several project managers. All of these groups report to the Iceberg program managers and will respectively manage security, catering, musical talent and the setup/cleanup report teams. Musical Festival Project Functional Organizational Chart Executive Management Brecutive Management Sornfont steering committee Ice Berg Productions Program Manager loe Berg Productions Project Manager Seering Committee AC Project Manager Catering Team Project Manager Security IC Project Manager - Musical Talert Team Project Manager - Set up/cleanup 2 Team IceBerg started listing some high-level tasks. The program and project managers must collaborate closely with the stadium steering committee. In order to do this, they convinced the steering committee to hire a contract program manager to serve as a liaison with the IceBerg project teams. Iceberg will probably supplement its workload with contract vendors. TASKS Marketing and Sales - stadium steering committees Market the event through television advertisements, social media and print brochures to targeted audiences Sell tickets Facility requirements:- stadium steering committee Designate eating areas and set up tables for food Provide chairs for the eating areas Furnish decorations Build sound stages Provide decorations Security: Work with the steering committee to determine how security has historically worked at the facility Define security scope Interview and hire organizations that will provide security Contract with a security company Refine security scope Determine number of resources Manage the security organization Food - Iceberg Work with steering committee to determine what food should be served. Obtain food resources: Interview, taste food and hire food service Create vendor contracts Iceberg and vendor provide food service Manage food service Music - Iceberg Plan number of musicians and who will perform (initial thoughts are Aerosmith, Lady Gaga, the Rolling Stones, a group of Elvis impersonators and a band called the Rejects. Book and contract with talent Arrange talent accommodations Manage talent by obtaining favorite foods, etc. plus various other hotel amenities. Arrange transport to the event Create resting area for talent Designate talent staging area Coordinate equipment setup with talent Talent provides music Setup and Cleanup - Iceberg Find and contract with vendor Plan set up and clean up tasks Perform setup and cleanup . Project Close - Iceberg: Review to ensure all work completed and event was a success Perform project lessons learned Complete performance evaluations for vendor project managers and teams, Iceberg resources, stadium resources Release all resources After IceBerg started laying out the project, it realized, as large of an organization as it was, it likely didn't have the resources to complete all of the tasks. It should probably perform what it was good at, which included managing the entire project and providing some resources for catering, setup and cleanup. It wil need some outside resources to assist. RBS LEVEL RBS LEVEL 1 1. TECHNICAL RISK RBS LEVEL 2 1.1 Scope definition 1.2 Requirements definition 1.3 Estimates, assumptions, and constraints 1.4 Technical processes 1.5 Technology 1.6 Technical interfaces Etc. 21 Project management 22 Program/portfolio Management 23 Operations management 24 Organization 25 Resourcing 26 Communication 2. MANAGEMENT RISK ALL SOURCES OF PROJECT RISK 3. COMMERCIAL RISK 3.1 Contractual terms and conditions 3.2 Internal procurement 3.3 Suppliers and vendors 3.4 Subcontracts 3.5 Client/customer stability 3.6 Partnerships and joint ventures Etc 4.1 Legislation 4.2 Exchange rates 4.3 Site/facilities 4.4 Environmental/weather 4.5 Competition 4.6 Regulatory Etc. 4. EXTERNAL RISK IceBerg Productions (IceBerg), an event planning company, has been contracted by the Stormfront Stadium steering committee (steering committee) to manage a large musical festival to be held March 15, 2022 from 11:00 5:00 PM. The outdoor stadium can ccommodate up to 30,000 people, but only ten thousand are expected to attend. The stadium will provide security, handle marketing and ticket sales IceBerg's budget is 30 million dollars, mostly for the musical talent. Some of its resources will be probably be vendors. IceBerg will be planning the event, ensuring overall operations, hiring and managing the musical talent, catering food, and managing the set-up and clean-up. The Steering Committee plans to provide dotted-line direction to the IceBerg program manager, handle advertising/ticket sales, provide the facility, which includes musical stages and lighting. The musical talent will be responsible for its own stage equipment and sound. Iceberg's core group will consist of a program manager, a lead, several other senior team members, and several project managers. All of these groups report to the Iceberg program managers and will respectively manage security, catering, musical talent and the setup/cleanup report teams. Musical Festival Project Functional Organizational Chart Executive Management Brecutive Management Sornfont steering committee Ice Berg Productions Program Manager loe Berg Productions Project Manager Seering Committee AC Project Manager Catering Team Project Manager Security IC Project Manager - Musical Talert Team Project Manager - Set up/cleanup 2 Team IceBerg started listing some high-level tasks. The program and project managers must collaborate closely with the stadium steering committee. In order to do this, they convinced the steering committee to hire a contract program manager to serve as a liaison with the IceBerg project teams. Iceberg will probably supplement its workload with contract vendors. TASKS Marketing and Sales - stadium steering committees Market the event through television advertisements, social media and print brochures to targeted audiences Sell tickets Facility requirements:- stadium steering committee Designate eating areas and set up tables for food Provide chairs for the eating areas Furnish decorations Build sound stages Provide decorations Security: Work with the steering committee to determine how security has historically worked at the facility Define security scope Interview and hire organizations that will provide security Contract with a security company Refine security scope Determine number of resources Manage the security organization Food - Iceberg Work with steering committee to determine what food should be served. Obtain food resources: Interview, taste food and hire food service Create vendor contracts Iceberg and vendor provide food service Manage food service Music - Iceberg Plan number of musicians and who will perform (initial thoughts are Aerosmith, Lady Gaga, the Rolling Stones, a group of Elvis impersonators and a band called the Rejects. Book and contract with talent Arrange talent accommodations Manage talent by obtaining favorite foods, etc. plus various other hotel amenities. Arrange transport to the event Create resting area for talent Designate talent staging area Coordinate equipment setup with talent Talent provides music Setup and Cleanup - Iceberg Find and contract with vendor Plan set up and clean up tasks Perform setup and cleanup . Project Close - Iceberg: Review to ensure all work completed and event was a success Perform project lessons learned Complete performance evaluations for vendor project managers and teams, Iceberg resources, stadium resources Release all resources After IceBerg started laying out the project, it realized, as large of an organization as it was, it likely didn't have the resources to complete all of the tasks. It should probably perform what it was good at, which included managing the entire project and providing some resources for catering, setup and cleanup. It wil need some outside resources to assist