Question: Risk Management Plan As a team, develop a risk management plan for the restaurant establishment project. The plan must include the following sections: -Risk identification

Risk Management Plan

As a team, develop a risk management plan for the restaurant establishment project. The plan must include the following sections:

-Risk identification (3 internal and 2 external risks), including WBS code, RBS (risk breakdown structure).

-Qualitative analysis: Briefly describe and rate the risk priority number (RPN) constituents of each of the risks identified. Failure Response Matrix.

-Risk Response Matrix.

Realistically, how is risk management plan being implement in a business organization? Write a persuasive letter to the Project Sponsor, clearly show the value of risk management for 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.

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