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Managing Project Risk Simulation Solution

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Run the "Managing Project Risk" simulation. Then:

1. The specific tasks and milestones required for your project plan
2. Five specific project risks (including size of the project and context within the organization) that could arise as the plan is implemented
3. An assessment of each risk's impact on project outcomes (in quantifiable terms)
4. Mitigation strategies for each risk
5. A change management plan
6. Three key learning points from the "Managing Project Risk" simulation that you can apply as you work on your Project Plan

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Solution Summary

This posting discusses "Managing Project Risk" simulation. Then the solution discusses specific project risks and their mitigation strategies.

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In accordance to BrainMass rules, this is not a completion of assignment but only background help.
1. The specific tasks and milestones required for your project plan
1. The initiation of the project;
2. The need to state the requirements of the system to be developed.
3. The requirements of the sales force need to be analyzed;
4. There should be design prepared that would define the approach to the solutions;
5. A software framework has to be designed to meet the requirements of that solution.
6. The code needs to be developed for the solution.
7. The code and the system need to be tested.
8. The system needs to be deployed;
9. The sales persons need to be trained to use the web based system.
2. Five specific project risks (including size of the project and context within the organization) that could arise as the plan is implemented
Five specific project risks:
1. Risks relating to size: The cost may become prohibitive, there may be time overruns, the user requirements may become too diverse.
2. Context within the organization: The sales persons may be unwilling to share their information on the system.
3. Risk that the system fall far short of requirements;
4. Risk that system may not be accepted ...

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