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Risk Management Plan Project Management

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You are a manager at Winsome Manufacturing Company, a company that produces plastic storage containers and sells them to the home consumer through home sales events. Although this product is being targeted at the home consumer, the sales department thinks there is great potential in the commercial market, and it should be pursued.

Describe the possible risk events for the project. Identify the high probability, high impact risk events. For each of those risk events, identify the possible actions to mitigate the risk.

Describe how changes to the risk management plan will be identified, reviewed, and approved.

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This answer provides you an excellent discussion on Risk Management Plan

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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