Selecting risk response strategies and monitoring risks – due 12/7

Please use this template to complete assignment:
Click here to access the template.

Assignment Details

You are a project manager for a compliance-driven, complex project. You just completed risk identification and risk analysis of 15 key risks that could affect your project (Unit 2 IP). Your manager reviewed your report and asked you to create another report to address the other two phases of risk management life cycle, as follows:

· Selecting appropriate risk response strategies

· Risk monitoring and control

You will use previously identified and analyzed risks. You need to recommend approaches to reduce or eliminate the impact or probability of these risks for negative risks. You will also use the identified approaches to recommend approaches to increase chances of a risk event happening for positive risks.

You will need to provide the following for this report:

· Detailed explanations of key concepts

· Classifications

· Techniques used for this effort

The company hired a consultant who provided a template with explanations and key tools to be used for completion of this report. Use the template provided to complete a 5-page report (excluding the cover page). NOTE: Please delete all instructions and examples before submitting your work.

The following sections must be included in the report:

· Roles and responsibilities

· Risk tolerance

· Risk considerations according to priority

· Risk response strategies for negative risks

· Risk response strategies for positive risks 

· Risk monitoring and control

Submitting your assignment in APA format means, at a minimum, you will need the following:

· Title page: Remember the running head. The title should be in all capitals.

· Length: 5 pages minimum

· Abstract: This is a summary of your paper, not an introduction. Begin writing in third person.

· Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 5 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.

· Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography, but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

Grading Rubric: Maximum 200 Points

Grading Criteria	Points
Deliverable requirements addressed; understanding of material and presenter’s message and intent are clear	80 points	Followed assignment guidelines and criteria	40 pts	Yes/Complete	Mostly	Not at all
		Overall quality	40 pts	Excellent	Satisfactory	Needs Improvement
Scholarly research that supports the writer’s position is properly acknowledged and cited, and direct quotations do not exceed 10% of the word count of the body of the assignment deliverable	50 points	Title page, table of contents, tables, exhibits, appendices or reference page included	25 pts	Yes	Partially	Not at all
		Content is original with less than 35% match	25 pts	Yes	36–50%	51% or over
Critical thinking: Position is well-justified; logical flow; examples	20 points	Position is justified with examples	10 pts	Excellent	Satisfactory	Needs Improvement
		Presentation flows logically	10 pts	Excellent	Satisfactory	Needs Improvement
Structure: Includes introduction and conclusion, proper paragraph formatting, and reads as a polished academic paper or professional presentation, as appropriate for the required assignment deliverable	15 points	Includes introduction and conclusion	5 pts	Excellent	Satisfactory	Needs Improvement
		Paragraphs are formatted properly	5 pts	Excellent	Satisfactory	Needs Improvement
		Reads as polished academic paper or presentation	5 pts	Excellent	Satisfactory	Needs Improvement
Mechanical: No spelling, grammatical, or punctuation errors	20 points	Spelling and grammar are accurate	10 pts	Yes	Partially	Not at all
		Punctuation is accurate	10 pts	Yes	Partially	Not at all
APA: Deliverable is cited properly according to the APA Publication Manual	15 points	References are cited in accordance with APA formatting	10 pts	Yes	Partially	Not at all
		Reference page is included	5 pts	Yes	Partially	Not at all