Rasmussen College Cosmos Inc Risk Management Plan

Using the PMBOK Guide and a provided template, develop a risk management plan for a given scenario or a real-world project.

Based on the analysis completed by a task force at Cosmo, Inc., the marketing department must develop, implement, and test a new marketing campaign focused on maintaining current customer levels and increasing their customer base through the utilization of new technology. Refer to the Cosmo, Inc. Case Study [DOC] document for more information.

Develop a risk management plan for your project. Use the Risk Management Plan Template and the PMBOK® Guide to complete this assessment:

  1. Analyze the project introduction and project risk principles.
  2. Identify project risks (both positive and negative).
  3. Create a Risk Matrix Legend.
    • Probability Level / Criteria / Color Code.
    • Impact Level / Criteria / Color Code.
  4. Create your Project Risk Matrix. Identify a minimum of 10 potential risks (positive or negative). For each risk:
    • Describe the risk.
    • Identify the probability rating.
    • Identify the impact of the risk to the project.
    • Identify response or solution for the risk.
    • Explain the action plan for the response or solution to the risk.
    • Identify the responsible person for each action.
    • Identify the status of each action.
  5. Create your Risk Monitoring and Control Strategy:
    • Define the Review and Action Plan for identified and unidentified risks.
    • Establish a Review process.
    • Establish a Reporting process.

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price: