Define a template or model of a program-level risk management plan or directive.

Overall Concept

For this assignment, you will create a generic outline template or model of a program-level risk management plan or directive.

Background

Put yourself in the role of the executive-level program manager. If your practice of program management demonstrates a high level of maturity and follows best business practices, then your program should have a defined process or methodology for managing risk. You want the members of your program team to use risk management tools and processes in a rigorous and routine manner.

Assignment Details

Define a template or model of a program-level risk management plan or directive. At a minimum, your outline template or model of a program-level risk management plan or directive should address the following elements:

Define a program-level risk management process. Identify responsibilities and roles of key personnel
Specify tools that will be employed for risk identification. At least 3 pertinent tools must be specified, and the context for their usage should be explained.
Discuss tools that will be employed for quantifying risk. At least 2 pertinent tools must be specified, and the context for their usage should be explained. One of the tools should be qualitative in nature, and one of the tools should be quantitative in nature.
Define response strategies that will be employed by the program.
Define the process or mechanism for reporting and monitoring risk in the program.
Be sure to address the following in your template or model:

Describe the purpose, intent, and contents of each section (typically a paragraph per section).
Include a sample diagram, table, or other graphic portrayal of the tools that you propose to use, and provide a description of the purpose and intent of the tool (typically a paragraph per tool).

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