Module 3 Case Study Developing a Risk Response Plan

A lot of effort goes into the preliminary work that leads to the project kick-off meeting. After developing the project schedule and planning project costs, quality management, etc., you are now ready to develop a risk response plan.

Here are the risks you and your team have identified in the GCCG e-Banking Portal project:

A potential project software upgrade. IT approval may occur during the project life cycle.

Change in organizational requirements. Vicky Morris, the PMO Director, may resign.

External consultant illness.

1. The first risk has possible positive outcomes. Which risk response strategy should you employ and why?

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2. What are some responses you can plan for the potential risk of a project software upgrade during the project life cycle?

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3. The change in organizational requirements due to the resignation of Vicky Morris has possible negative outcomes to the project, but there is no way to avoid this scenario completely. Which risk response strategy should you employ and why?

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4. You determine that an external consultant illness cannot be avoided. Which risk response

strategy should you employ and why?

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5. Summarize your findings from the research and reflect on them.