Question: From the information below please create a Risk Management Plan. School Library Renovation. Schedule : Stakeholder interviews can begin as early as Monday, 5/3/2021. No
From the information below please create a Risk Management Plan.
School Library Renovation.
Schedule: Stakeholder interviews can begin as early as Monday, 5/3/2021. No work will be conducted on weekend days nor holidays. Also, remember that no physical work (Activity 2.2 Demolition) can be conducted on campus until Tuesday, 6/1/2021. The schools holiday schedule includes Friday, 7/2/2021 and Monday, 7/5/2021 as non-working days due to the July 4th Holiday.

Below is the just the example table supposed to be filled out. Please make changes to the Strategy, Ranking, Severity Impact and Likelihood accordingly from the above document.

| Likelyhood: | 1=low, 5=high | | | |
| Impact: | 1=none, 5=high | | | |
| Severity: | Major, Moderate, Minor (from Risk Severity Matrix) | |
| Strategy: | Avoid, Mitigate, Transfer, Retain (Accept) | |
1.1 1.2 1.3 1.4 1.5 1.6 1.7 2.1 2.2 Task Precedence None 1.1 1.2 1.3 1.4 1.5 Work package Stakeholder interviews Architect selected Concept plans created Concept plan meeting Design approved Furniture ordered General contractor selected Building permit received Demolition Walls constructed M/E systems installed Painting/carpet completed Final inspection Furniture delivered Furniture installed Stakeholder walkthrough Project closeout Duration (days) 3 1 3 1 1 1 1 2 4 3 5 2 1 1 2 1 1 1.2 & 1.5 1.5 1.7 & 2.1 2.2 2.3 2.4 2.3 2.5 2.4 2.5 2.6 3.1 3.2 3.3 3.4 1.6 & 2.6 3.1 3.2 3.3 Risk Management Plan Proj: PM: Date: Risk 3 5 Risk 1 3.1 Risk 2 4.4 Risk 4 1.4 Risk 5 2.1 6.1 WBS ID(s): Risk Name Trigger Point(s) Likelihood 3 Red zone (major risk) Yellow zone (moderate risk) Green zone (minor risk) 2 Likelyhood Impact Index (Lxl) Severity Ranking Strategy Moderate Minor Major 1 Major 2 Minor 4 5 Mitigate Mitigate Avoid Avoid Avoid 1 2 3 4 5 Plan Impact 1.1 1.2 1.3 1.4 1.5 1.6 1.7 2.1 2.2 Task Precedence None 1.1 1.2 1.3 1.4 1.5 Work package Stakeholder interviews Architect selected Concept plans created Concept plan meeting Design approved Furniture ordered General contractor selected Building permit received Demolition Walls constructed M/E systems installed Painting/carpet completed Final inspection Furniture delivered Furniture installed Stakeholder walkthrough Project closeout Duration (days) 3 1 3 1 1 1 1 2 4 3 5 2 1 1 2 1 1 1.2 & 1.5 1.5 1.7 & 2.1 2.2 2.3 2.4 2.3 2.5 2.4 2.5 2.6 3.1 3.2 3.3 3.4 1.6 & 2.6 3.1 3.2 3.3 Risk Management Plan Proj: PM: Date: Risk 3 5 Risk 1 3.1 Risk 2 4.4 Risk 4 1.4 Risk 5 2.1 6.1 WBS ID(s): Risk Name Trigger Point(s) Likelihood 3 Red zone (major risk) Yellow zone (moderate risk) Green zone (minor risk) 2 Likelyhood Impact Index (Lxl) Severity Ranking Strategy Moderate Minor Major 1 Major 2 Minor 4 5 Mitigate Mitigate Avoid Avoid Avoid 1 2 3 4 5 Plan Impact