Case Study Selection & Project Risk Planning

 1.Choose one of the 4 case studies below to be the focus of your project.You also have the option to research and select an existing, prior or in-the-works project to assess. 1.Umatilla Chemical Agent Disposal Facility (opens in a new window/tab) (Links to an external site.)Links to an external site. 2.Mars Pathfinder (opens in a new window/tab) (Links to an external site.)Links to an external site. 3.London 2012 Olympics (opens in a new window/tab) (Links to an external site.)Links to an external site. 4.Moving the Cape Hatteras Lighthouse (opens in a new window/tab) (Links to an external site.)Links to an external site. 2.After selecting a case study your first task is to perform project risk planning. 3.Research, collect and review any project related information that is publicly available. 4.Describe at least the following planning items that will constitute the inputs to your risk management process: 1.Project background information 2.Project scope: The project scope statement should clearly define the project outputs (major project deliverables). It will be the main source for identifying scope risks at later stages of the risk management process and will reveal if the project is feasible. Scope statements sometimes include the sponsor’s preliminary analysis of risks. 3.Project objectives (scope, schedule, resource, cost, technical, etc.): Knowing the project objectives will help you determine the impact of the risks that you will identify at later stages of the process. 4.Work Breakdown Structure: A WBS is a significant input to the risk management process. Risks should be identified not only at the project level but at the work package level as well. If a WBS is not available in your sources, I expect you to develop one based on the project information you collected as well as your own assumptions. Define the project work at the lowest level of decomposition your project data allows. Feel free to come up with your own decomposition of activities based on the information you collected. 5.List of all your risk planning references, sources, etc. 5.Include all of the planning items identified in the previous step as Appendices at the end of the Risk Management Plan that you will develop in the next step. 6.Start creating a Risk Management Plan by identifying the following sections in your plan: 1.Risk Management Approach: Define the approach to be followed for managing the risks associated with your project. 2.Stakeholders: Identify the project’s main stakeholders that might have an opinion on your project’s risk. 3.Stakeholder risk tolerance and thresholds areas: Identify in which areas your stakeholders are willing to accept risks and the amount of risk they are willing to accept.