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Summary Wk 3 Risk response plan CPMGT 300.docx Risk Response Plan CPMGT/ The purpose of risk planning is determine ways to reduce or eliminate any issues that may arise on a project. By planning for these situations, the impact could be softened g
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Wk 3 Risk response plan CPMGT Risk Response Plan CPMGT/ The purpose of risk planning is determine ways to reduce or eliminate any issues that may arise on a project. By planning for these situations, the impact could be softened greatly with planning. The project team especially the Project M...
wk 3 risk response plan cpmgt 300docx risk response plan cpmgt300 43864 the purpose of risk planning is determine ways to reduce or eliminate any issues that may arise on a project by plannin
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Risk Response Plan 1
Risk Response Plan
CPMGT/300
02/03/2020
, 2
The purpose of risk planning is determine ways to reduce or eliminate any issues that may arise
on a project. By planning for these situations, the impact could be softened greatly with planning.
The project team especially the Project Manager should be prepared to grab a hold of any threat
before they arise. Project Manager should also be thinking outside of the box to ensure that
opportunities are there to offer solutions for these threats or delays to the project. While the
Project Manager is responsible for the entire project he has a team behind him that is equally
capable of putting out fires if need be. That is the benefit of having a team on a project, all
parties can assist and making sure the delays/threats/ issues turn into opportunities.
Risk response plan purpose
The purpose of risk response plan is the development of improving opportunities and
determining actions to increase productivity and reduce threats to the project completion. Having
a risk response plan in place is very important and bottom line necessary in the Project
Management phase of any project. A risk response plan will help lessen potential risk and
identify any areas that will affect the project. Areas of the project such as budget, staffing/human
resources, materials as well generally falls under the risk project plan. One major factor that will
benefit from a risk response plan is scheduling. There needs to be a continency in place to help
with scheduling issues due to weather, permitting, accessibility and workarounds. The unplanned
problems need to have a what if option on the white board. What if the subcontractor cant
deliver all that they were contracted to do? What if it rains? What if the revisions of the plans
are not approved in the county / city offices and the permit is not approved? Having a risk
response plan in place will allow the Project Manager and the team create solutions.
Risk Owner
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