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creating and maintaining a risk management plan Custom Essay

Individual Assignment #2
This assignment has two parts.
Using the Internet or the library, find an article about an IT project that failed.
Part 1: Using the IT project risk framework (Marchewka, pp 252-254), identify at least
four explicit or implicit risks that may have impacted the project. For each of the risks
you identify, provide an analysis of the risk, assign one of the Risk Strategies (pp. 229-
230) (accept or ignore, avoidance, mitigate, transfer) and summarize your response in
terms of:
? Risk Description – describe the risk.
? Risk Impact – how did the occurrence of the threat (or opportunity) affect the
project?
? Risk Response – (since this already occurred) two parts: (1) what was the
response to the risk and how effective; (2) if you had been creating and
maintaining a risk management plan, what would your planned recommended
response have been?
Part 2: What other risks would you have tracked for this project? Summarize your
response in terms of:
? Risk Description – (as above)
? Risk Trigger – what may alert you of this risk
? Risk Ranking – how serious might this risk be
? Recommended Response – (as above)
Please complete one certification for both parts of this assignment.
This assignment is my own work. Any assistance I received in its preparation is
acknowledged within the assignment, in accordance with academic practice. If I used
data, ideas, words, diagrams, pictures, or other information from any source, I have
cited the sources fully and completely in footnotes and bibliography entries. This
includes sources which I have quoted or paraphrased. In adding my name following the
word ‘Signature’, I intend that this certification will have the same authority and
authenticity as a document executed with my hand-written signature.

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