Do not change any of the risk management template formulae. Question 1Identity your project’s risksUsing the RMP template and after discussion with your supervisor, complete the left hand side of Part 2: Risk Register (i.e. the first five columns, ending in “Risk Consequences”. You should list at least 8 possible risks.Details of fields in the RMP Risk Register:Risk Ref. No: This is just a sequential number, used as a key for associating with the Risk Treatment Plan.Category: Select Commercial, Finance, Security, Safety, or Legal/Regulatory from the drop down list. You may have more than one risk in a category.Risk Description: e.g. “Older scanners may not work under Windows 12”.Risk Cause: e.g. “Drivers may not exist for Windows 12”.Risk Consequences: e.g. “Invoices cannot be scanned in”.Upload your updated template to the Forum by Wednesday night. Question 2Analyse your project’s risksAnalyse the risks in your project; you may discuss these with your supervisor. Using the RMP template again, complete the right hand side of Part 2: Risk Register (i.e. Impact and Likelihood). Do not change the Rating column, it will be calculated for you automatically by the spreadsheet.ACS Professional Environments
RISK MANAGEMENT PLAN – Part 1: Project Context
Plan Prepared by
Organisation
Project Sponsor (Position Title)
Date
Project Name
Project Description
Problem the project is seeking to solve
Project Deliverables
Business benefit ie what will the company gain from this project?
Project Management Method
Resources to be applied
Estimated Project Duration
People:
Budget:
Start:
Equipment:
End:
RISK MANAGEMENT PLAN – Part 2: Risk Register
Risk Ref. No.
Risk Category
Risk Description
Risk Cause
Risk
Consequences
Impact
Likelihood
1
Select
Select
Select
2
Select
Select
Select
3
Select
Select
Select
4
Select
Select
Select
5
Select
Select
Select
6
Select
Select
Select
7
Select
Select
Select
8
Select
Select
Select
Rating
RISK MANAGEMENT PLAN – Part 3: Risk Treatment Plan
Risk Ref. No.
Treatment
Strategy
Treatment Description
Treatment Resources
Risk Owner
Deadline
1
Select
2
Select
3
Select
4
Select
5
Select
6
Select
7
Select
8
Select
Risk Rank Matrix
IMPACT
LIKELIHOOD
Rare
Unlikely
Possible
Likely
Almost Certain
L
M
LEVEL
1 Insignificant
2 Minor
3 Moderate
4 Major
5 Severe
1
2
3
4
5
Low (1)
Low (2)
Low (3)
Low (4)
Medium (5)
Low (2)
Low (4)
Medium (6)
Medium (8)
High (10)
Low (3)
Medium (6)
Medium (9)
High (12)
High (15)
Low (4)
Medium (8)
High (12)
High (16)
Extreme (20)
Medium (5)
High (10)
High (15)
Extreme (20)
Extreme (25)
Low
Medium
Jim Owens PMP MACS (Snr) CP 2011
1-4
5-9
Risk Levels
H
E
High
Extreme
10-16
20-25
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