Develop a contingency plan for each of the potential risks.

Details: Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management.

Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan:

Potential Risk Factors
Contingency Plans

Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan.

Use Microsoft PowerPoint® , Prezi® , or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information:

The organization’s information presented in Wk 1
SWOT analysis and market trend research
Project objectives
How success will be measured
The value this project will bring to the organization
Project metrics
Timelines
Responsible parties
Potential risk factors
Contingency plans

Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide.
You will submit 2 different deliverables:

Updated project plan with potential risk factors and a contingency plan
Executive presentation with detailed speaker notes as a Word document within the presentation

 

Solution: