Risk Management

Description

Your remediation plan outline from Week 4 was approved! The next step is to determine how you will implement the plan.

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Using the provided template, create a Project Implementation and Quality Management Plan for how you will implement your management strategy by using risk management tools and strategies to assure project quality.

Include details for your Project Implementation and Quality Management Plan for the following sections:

Overview/Executive Summary
Project Management Tool Evaluation
Risk Factor Discussion
Natural and human risks
The value associated with these risks
Project Quality Metrics
3 KPIs
Explanations of how the KPI measures success
Project Quality Monitoring Strategies
General framework for monitoring
Summary of how to monitor schedule, budget, critical path, resource levels, change requests, and scope creep
Final Project Management Tool Recommendations

Note: Detailed suggestions for each section are included in the Project Implementation and Quality Management Plan Template.

In addition, your submission will be evaluated based on how you analyze alternatives in your evaluation of possible solutions.

Include at least 2 additional sources, along with the textbook, to support your ideas.

Cite all references in APA format at the end of your management plan.

Submit your assessment.

Assessment Support

Week 6 Discussion
Continuous Risk Management Guidebook from Carnegie Mellon University


Unformatted Attachment Preview

PROJECT IMPLEMENTATION AND QUALITY MANAGEMENT PLAN
COMPANY NAME
STREET ADDRESS
CITY, STATE ZIP CODE
DATE
INSTRUCTOR
TABLE OF CONTENTS
OVERVIEW/EXECUTIVE SUMMARY…………………………………………………………………………………….. 2
PROJECT MANAGEMENT TOOL EVALUATION ……………………………………………………………………… 2
RISK FACTOR DISCUSSION ………………………………………………………………………………………………. 2
PROJECT QUALITY METRICS ……………………………………………………………………………………………… 2
PROJECT QUALITY MONITORING STRATEGIES …………………………………………………………………… 2
FINAL PROJECT MANAGEMENT TOOL RECOMMENDATIONS …………………………………………………. 2
REFERENCES ………………………………………………………………………………………………………………….. 3
1
OVERVIEW/EXECUTIVE SUMMARY
Summarize your project in 3-4 sentences. Include desired outcomes for implementation and risk
tolerance. Include the following:



The organization’s name and main product or service
The purpose of this project
A clear description of the project, its purpose, and its relationship to the organization’s
business objectives
PROJECT MANAGEMENT TOOL EVALUATION
Describe/explain how you evaluated and selected project management tools. You may provide this
information in paragraph form or in the table provided. In the first column write the tool’s name. In the
second column, write a description of the tool, including main features and the value of the tool to the
project.
Project Management Tool
Evaluated
Description (main features, value of tool to project)
RISK FACTOR DISCUSSION
Discuss the natural and human risk factors associated with your project, provide a value (likelihood or
probability percentage of this risk happening), the cost to the project of this risk occurring. Refer to the
risk management matrix you completed previously in Wk 4 – Summative Assessment: Risk Analysis
Presentation for this section.
PROJECT QUALITY METRICS
Determine the metrics that you will use to measure project quality and project performance; include
values that would indicate success if you can. Remember, project quality is conformance to project
requirements and that the project ultimately accomplishes the intent.
PROJECT QUALITY MONITORING STRATEGIES
Establish a general framework to monitor the project. An overall summary of monitoring the project should
be provided along with a separate, short paragraph for each of the following on how they will be
monitored during your project: Schedule, Budget, Critical Path, Resource Levels, Change Requests, and
Scope Creep.
FINAL PROJECT MANAGEMENT TOOL RECOMMENDATIONS
Include recommendations for project management software that you determined to be useful. Include
your justification for selecting this tool and how it supports your quality metrics and monitoring strategies.
2
REFERENCES
List all resources used and cite each in APA format.
3

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