Note:
7-10 pages paper on the following assignment. Must follow each and every instructions and formatting criteria carefully. Must include 6-7 credible references cited in APA. Must provide 100% original answer.
Assignment:
For this project, you may choose a project that is of interest to you, or you may choose to begin planning for your senior project. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small).
Create a risk management plan for your project. To do this, you must create a scope statement and a WBS for your project.
Create one decision tree and a fault or event tree that would support the exploration of risk for your project. The decision tree must be created to support a major risk-related decision likely to be faced by the project. The fault or event tree should offer at a minimum a listing of potential risks and impacts in the event of two smaller failures. For example, a smaller failure could be the loss of water pressure or a fire in a construction project rather than examining what risk was involved with the collapse of the construction project.
Write a discussion of the risks that supports the fault tree, event tree, or decision tree that has been created. Make a separate write up for each of these smaller risks associated with the fault tree or event tree.
Perform risk management planning as defined in the lecture.
Identify risks for your project, including any issues that may impede or impair the completion of the project. You must identify at least 15 positive and 15 negative risks.
Prioritize the risks by performing qualitative risk analysis.
Perform risk response planning for your project by creating detailed risk response plans for those risks needing responses. This should include both proactive responses and reactive contingency plans as appropriate.
Formatting Requirements:
1. Your paper must include following headings;
I. Introduction
II. Decision Tree Analysis
III. Discussion of Decision Tree
IV. Fault Tree
V. Discussion of Fault Tree
VI. Risk Management Planning
VII. Risk Identification
VIII. Qualitative Risk Analysis
IX. Risk Response Planning
X. Conclusions
XI. References
2. Your paper should have a general introduction that should introduce the decision tree and fault or event trees that will be discussed, and then the paper should have a discussion regarding each tree. The discussion write-up regarding the identified risks should be from three to five pages in length.
3. Your paper must be in 10-point font, double-spaced, and must include a cover page, introduction, body of the report, summary or conclusion, and references.
4. Must include At least 6-7 authoritative, outside references (anonymous authors or web pages are not acceptable). These should be listed on the last page, titled Works Cited.
