Risk Management Plan As a team, develop a risk management plan for the project on Music Festival for Charitable Purposes The plan must include the following sections This assignment is the follow up of your team assignment one, so connect the two Risk identification (three internal and two external risks), including WBS code and RBS (risk breakdown structure) Show risk management process for the identified project risks Qualitative analysis Briefly describe and rate the risk priority number (RPN) constituents of each identified risk Risk Response Matrix Realistically, how is a risk management plan implemented in a business organization Write a persuasive letter to the Project Sponsor, clearly show the value of risk management for the successful implementation of any project, and request $10,000 for risk management Format this letter as business correspondence (include letterhead, date, and signature) and write it from your perspective as a Project Manager Make references to at least 5 or 6 reference materials for this assignment Thepage limit is 13 excluding the cover page, references, and annex Follow the rubric and use the APA format

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Question: Risk Management Plan As a team, develop a risk management plan for the project on Music Festival for Charitable Purposes. The plan must include the

Risk Management Plan

As a team, develop a risk management plan for the project on Music Festival for Charitable Purposes. The plan must include the following sections:

This assignment is the follow-up of your team assignment one, so connect the two.
Risk identification (three internal and two external risks), including WBS code and RBS (risk breakdown structure). Show risk management process for the identified project risks.
Qualitative analysis: Briefly describe and rate the risk priority number (RPN) constituents of each identified risk.
Risk Response Matrix.

Realistically, how is a risk management plan implemented in a business organization? Write a persuasive letter to the Project Sponsor, clearly show the value of risk management for the successful implementation of any project, and request $10,000 for risk management. Format this letter as business correspondence (include letterhead, date, and signature) and write it from your perspective as a Project Manager.Make references to at least 5 or 6 reference materials for this assignment. Thepage limit is 13 excluding the cover page, references, and annex.Follow the rubric and use the APA format.

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