hen risk events occur, to eliminate or reduce negative impacts on the project. Following features must be addressed in
Your team represents the ERP Design and Development Project for a XYZ hospital. Your company's senior management has requested that you prepare a risk management plan that identifies potential risks and identifies risk management strategies. From the course content and readings, you know that the overall purpose of risk planning is to anticipate possible risk events and be ready to take appropriate action when risk events occur, to eliminate or reduce negative impacts on the project.
Following features must be addressed in your risk management strategy:
• Realistic Assumptions based on the scenario
• Risk identification (Risk item checklist)
• Risk projection (developing a risk table and Assessing risk impact)
• Risk Mitigation and Monitoring plan
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