The risk management framework, detailed in the strategic plan, will serve as the foundation for the risk management plan employing corporate and division policies and
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The risk management framework, detailed in the strategic plan, will serve as the foundation for the risk management plan employing corporate and division policies and procedures to manage risks to the project schedule, budget, and scope. The RMP will detail the risks to organizational assets and outline the environmental factors that the program and project managers should consider as they plan, execute, and monitor the project. Risk impacts and probability scales must show alignment with the organization’s risk appetite and tolerance and must set thresholds used to manage monitoring and response strategies. These strategies must allow for responses leveraging both external factors and relationships and internal corporate and divisional resources.
Support the Assignment with specific references to all resources write a 2- to 4-page paper in which you address the following:
Describe the purpose of the project risk management plan.
Explain how risk management will be approached for the Pepsi Refresh Project.
Describe the steps in the project risk management process and specify the methods that will be used to identify, analyze, and control project risks.
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