This document provides instructions for BUS 519 Assignment 2 on creating a risk management plan. Students are asked to complete sections of a risk management plan template, including: 1) The scope and objectives of the risk management process based on a case study. 2) Determining the project size using a sizing tool and justifying the selection. 3) Selecting and completing qualitative and quantitative risk tools/techniques sections with rationale. 4) Developing a risk reviews and reporting section based on the project size. 5) Defining probability and impacts sections and justifying assigned values. 6) Defining risk thresholds and justifying assigned values. The assignment is 8-10 pages following specific formatting guidelines

1. BUS 519 Assignment 2 – Risk
Management Plan
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BUS 519 Assignment 2 – Risk Management Plan
Note: The assignments are a series of papers that are based on the same case, which
is located in the Student Center of the course shell. The assignments are dependent
upon one another.
In this assignment, you will create a risk management plan. You have a budget of
$100,000 and a timeline of six (6) months for the plan. Please refer to Figure A-1, Risk
Management Plan Template, from Appendix A of the Hillson and Simon text to create
the plan.
Write an eight to ten (8-10) pages paper Risk Management Plan Component paper in
which you:
1. Prepare the Scope and Objectives of the Risk Management Process section of the
Risk Management Plan based on the facts presented in the case study.

2. 2. Determine the project size, based on the facts presented in the case study, and
provide justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of
the Hillson and Simon text).
3. Select the risk tools and techniques, and complete the Risk Tools and Techniques
section of the Risk Management Plan for both the qualitative and quantitative
aspects of the project. Provide a rationale for the selection.
4. Develop the Risk Reviews and Reporting section of the Risk Management Plan
based on the project size previously determined.
5. Define the Probability and Impacts section of the Risk Management Plan and
justify the values assigned.
6. Define the Risk Thresholds section of the Risk Management Plan and justify the
values assigned.
Your assignment must follow these formatting requirements:
 Be typed, double spaced, using Times New Roman font (size 12), with one-inch
margins on all sides.
 Include a cover page containing the title of the assignment, the student’s name,
the professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.