The project will allow you to apply risk management concepts, tools, and techniques to a complex project, which

involves building a playground in the back yard of a home. Through this project, you will identify and plan for risks that

might happen in the course of executing the project.

Course Objectives Tested:

1. Create a risk management plan that outlines the approach for managing risks in a project. 2. Apply risk identification techniques to document positive and negative risks in a project. 3. Analyze the impact of positive and negative risks on a project. 4. Develop options and actions to enhance opportunities and reduce threats to project objectives. 5. Evaluate the impact of program changes on the risk of a project. 6. Apply the Project Management Body of Knowledge (PMBOK) and Project Management Institute (PMI)

standards in managing project risks.


Description/Requirements of Project  Evaluation Criteria

Assessment Preparation Checklist:

Before completing the assignment:  Read the assigned chapters for this week from your textbooks, Project

Risk Management Guidelines: Managing Risk in Large Projects and Complex Procurements (Custom Update Ed.) and PMBOK® Guide, 5th

ed.  Read article “How Project Manager-Project Owner Interaction Can

Work Within and Influence Project Risk Management” on the ITT

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