Week 4 Part 1 Course Project Answer.doc - Page 1 of 15...

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Page 1 of 15 Professor Bruce Hurst Week 3 Part 1 PROJ 595 Project Risk Management Course Project: Application of Risk Management to a Project Table of Contents
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Page 2 of 15 1 Introduction .............................................................................................................................................. 3 2 ATOM Risk Management Planning ............................................................................................................. 3 2.1 Initiation Step ...................................................................................................................................... 4 2.2 Stakeholder Analysis ............................................................................................................................ 5 2.3 Project Sizing and Initiation Meeting ..................................................................................................... 5 3 Risk Identification ..................................................................................................................................... 6 4 Qualitative Risk Analysis ........................................................................................................................... 7 4.1 Probability-Impact Matrix ..................................................................................................................... 7 4.2 Risk Register ....................................................................................................................................... 8 5 Risk Response Planning ........................................................................................................................... 12 6 References .............................................................................................................................................. 15 1 Introduction This paper will be on a risk management plan for the project for creating a database on large information for a manufacturing warehouse developed by an IT company for the management of its client’s (Manufacturing warehouse) inventory and parts management. According to
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Page 3 of 15 (Schwalbe, 2006), Risk management plan for a project includes the identification of the risks, the probability of occurring, their impact on the project and the associated responses to the identified risks in the project. Risk management plan is a comprehensive document that is the result of a series of actions performed to manage the risks associated with a project. When identifying risk in a Data manufacturing company, the risk has to be classified according to their life-cycle phases. Risks in this data warehouse project will be identified as belonging to the various stages of the SDLC e.g. design, build, test, and implementation like the installation of the hardware, software, planning requirement analysis, user training and ongoing support. ATOM process for risk management will be used to identify these risks in this paper. ATOM Risk Management Planning The project utilizes ATOM risk process to manage the risks of the project. This will ensure that the risk management plan formulated covers all the aspects of the project and cover all the foreseeable risks that could occur in the project life-cycle. This will comprise of the following steps of the risk management process: 1.1 Initiation Step In this step, ATOM this process aligns the identification of project risks with the project objectives laid out and defined by the. The WBS and project scope is:
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Page 4 of 15 Data Identifications and Analysis Identify data subjects and Domains Identify all the data elements in the Data warehouse Conceptual and Physical Data Model Create the conceptual data model Physical data model for the data warehouse Data base and Data warehouse Creation Develop a Database Create the Data warehouse for the project Data Population Populate the data warehouse with all the data Move to Production of the Data warehouse System Test the database and data warehouse Implement the Data warehouse and the Database This project is of very important to this company because it is investing both money and time.
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