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Risk Management Plan

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Risk Management Plan:
The purpose of this assignment is to assess the ability to demonstrate a synthesis of the topics discussed
throughout the course.
In order to solidify the concepts of risk and risk management through the study of uncertainty, analysis,
modeling, judgment, assessment and mitigation, understanding how these concepts fit together and are
operationalized becomes a key component of desired learning objectives.
This assignment may be accomplished in one of three ways:
1) Develop a Risk Management Plan for a focus area of interest to you. In other words, identify an
area in industry/business/market, etc. in which risk management either lacks formal definition
or process and create one.
2) Modify an existing Risk Management Plan that, after your review, lacks critical components
and/or requires significant revision.
3) Write a critical review of an existing Risk Management Plan that, while it may have sufficient
depth and breadth, is in some way incorrect or inadequate for either current operations or the
future vision of the industry.
It is not the intent of this assignment to regurgitate the methods, techniques and/or axioms presented
throughout the semester. The intent is to utilize the information gathered during the lectures and
outside research to enable critical thinking about how an industry operates and manages risk.
In order to set bounds on the assignment, the final product is limited to 20 double‐spaced pages utilizing
one of the accepted academic style formats (Turabian, Chicago, APA, etc.).
While there is no set content requirement, the assignment will be graded on the aspects of risk and risk
management. In other words, do not burden yourself with trying to fully explain how your selected
subject area functions except where required to understand specific nuances that may, for example,
require a seemingly “non‐standard” approach to its frame of reference or management style.

 
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