Risk Management Plan Risk Management Area Risk Impact How to Minimize Current Status Action Items Resp. Person Likely Hood Change of M H Monitor the The team is Verify or modify PM, Student scope, scope and continuously Scope of Action Team objectives or objectives verifying scope Plans by deliverables throughout the with our mentor negotiating with project through Doug Waechter Pepsi upon interactions to ensure completion of with Champion expectations are Strategy Plan met and scope is controlled Attempts to L H Verify the Discussions with Determine if Project limit scope by extent of work champion and current scope is Manager, the team may involved in the mentor have acceptable as soon Student not be seen as original scope of revealed the as possible and Team necessary project and potential proceed with form solid willingness for a change order if defense for any limit in scope, if necessary Scope attempt to limit necessary scope Lack of M H Provide each Team has Create Status Student communication stakeholder a designated a Report Template Team, PM, causing contact list and communications and Provide all Mentor problems ensure the liaison; stakeholders between project stakeholders undergone access to our team, Hitachi acknowledge several meetings Project Website mentor or Pepsi their role in the with Pepsi, and project established an effective relationship with Doug Waechter at Pepsi
Risk Management Plan Risk Management Area Risk Likely Hood Impact How to Minimize Current Status Action Items Resp. Person Scope Change of scope, objectives or deliverables M H Monitor the scope and objectives throughout the project through interactions with Champion The team is continuously verifying scope with our mentor Doug Waechter to ensure expectations are met and scope is controlled Verify or modify Scope of Action Plans by negotiating with Pepsi upon completion of Strategy Plan PM, Student Team Attempts to limit scope by the team may not be seen as necessary L H Verify the extent of work involved in the original scope of project and form solid defense for any attempt to limit scope Discussions with champion and mentor have revealed the potential willingness for a limit in scope, if necessary Determine if current scope is acceptable as soon as possible and proceed with change order if necessary Project Manager, Student Team Lack of communication causing problems between project team, Hitachi mentor or Pepsi M H Provide each stakeholder a contact list and ensure the stakeholders acknowledge their role in the project Team has designated a communications liaison; undergone several meetings with Pepsi, and established an effective relationship with Doug Waechter at Pepsi Create Status Report Template and Provide all stakeholders access to our Project Website Student Team, PM, Mentor
First%20Project%20Deliverable%20for%20Client.docx