Risk Management Plan

Question 1

Read Case 3: Altex Corporation in the case study section of your text. Write a summary of the case and answer the following questions from the end of the case.

• Why was a risk management plan considered unnecessary?
• Should risk management planning be performed in the proposal stage or after contract award, assuming that it must be done?
• Does the customer have the right to expect the contractor to perform risk analysis and develop a risk management plan if it is not called out as part of the contractual statement of work?
• Would Altex have been more interested in developing a risk management plan if the project were funded entirely from within?
• How might the Army have responded if they were presented with a risk management plan early during the R&D activities?
• Can risk management planning be justified on almost all programs and projects?

Your paper must be 2-4 pages in length (not including title and reference pages), doubled spaced, and formatted according to APA style as outlined in the approved style guide

Question 2

What is the value of risk management? Consider how you would pitch good risk management practices to your manager. Describe the value as if you were trying to convince management that risk management is a practice your organization should be using for project management.

Discussion Question responses should be at least 200-300 words, referenced, and submitted by Thursday midnight. Reference the Required/Recommended Reading materials or provide reference to a Library article of your choice.

reference must be in APA format!