Kitchen Remodel Risk Management Plan

In: Business and Management

Submitted By maitaig
Words 3254
Pages 14
Kitchen Remodel Risk Management Plan
Maitai Gordwin
North Central University

Abstract
Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements (Project Management Institute, 2008; Gordwin, 2012). When applying this knowledge effective management of appropriate processes is required. Risk Management is considered most critical and includes the processes of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a project. The purpose of the risk management plan is to establish framework in which the project team will identify risks and develop mitigation strategies to avoid, eliminate or convert to opportunities for a kitchen remodel project. The risk management plan will include the following: risks processes and procedures; top priority risks; risks identification; quantitative and qualitative analysis; risks monitoring and controlling; risks closure and lessons learned.

Kitchen Remodel Risk Management Plan

PURPOSE OF RISK MANAGEMENT PLAN

The overall goal of Project Risk Management is to ensure the increase of opportunities and the decrease of risk. Risks are uncertain events or conditions that, it they occur, have a positive or negative effect on a project objective (Project Management Institute, 2008). Plan risk management is the process of defining how to conduct risk management activities for a project. The purpose of the risk management plan is to establish framework in which the project team will identify risks and develop mitigation strategies to avoid, eliminate or convert to opportunities for a kitchen remodel project.This risk management plan will demonstrate how risk related to the kitchen remodeling project will be identified, assesed, monitored, controlled and mitigated. Additionally, the plan will outline…...

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