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12Project Risk Communications PlanCommunications MatrixStakeholderRisk ContentMethodFrequencyCustomerOverrun/behind scheduleMeetingmonthlyProject teamDependencies on the other projectsEmail and meetingsweeklyVendorsNot delivering on timeEmailweekly
13Memo to the Project SponsorMEMODATE: 8 August 2017TO: Project SponsorFROM: Roberson’s Construction CompanyFor your project, building a storage building, I choose the waterfall method. One of the main reasons that we choose this method was the how easy it is to read and to understand. Because this project will be small in nature, the requirements are simple to understand. The risk identification process was appropriate for this project. By using the quantitative and qualitative risk analyses, it helped me visually see where all the risks stacked up and which ones were the most severe.Some of the risk response strategies that I did not use were exploit, accept, enhance, and share. I didn’t use any of them because none of them applied to the risks for this project. One of the risks I had with this project was weather. None of the risk responses, applied except maybe accept but then the project would never get completed. Same with the internal risk, I could have accepted it, but then we could have fallen behind.One of the ways that the risk management activities can be improved in future projects like this one, start the project earlier in the year. Because we started it in July, we are backed up against fall and winter. This can affect working outside, pouring the foundation and the curing of the foundation, as well as the vendors. If a winter storm comes through, this can delay the shipment of the materials. As always, thank you for choosing Roberson’s Construction Company.Best Regards,
14Kandee RobersonProject Manager
15ReferencesProject Management Institute. (2009). Practice standard for project risk management. [Vitalsource version]. Retrieved from Project Management Institute, A guide to the project management body of knowledge (PMBOK®guide), Fifth Edition, Project Management Institute Inc. 2013. [Vitalsource version]. Retrieved from Application of Risk Management. (n.d.). Retrieved July 11, 2017, from https://class.ctuonline.edu/_layouts/MUSEViewer/Asset.aspx?MID=8229887&aid=8229888The Risk Management Plan. (n.d.). Retrieved July 11, 2017, from Asadi, Z. (2015). An investigation of risk management strategies in projects.Marketing and Branding Research,2(1), 89-100. Retrieved from ?