Question

Assignment Content 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. 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 assignment. Create a 12- to 14-slide presentation with detailed speaker notes and visuals on every slide in which you:

Identify the organization's information presented in Wk 1.

Answer 1

A project plan outlines the intended course of events for a project, but there are potential risks that can prevent the project from meeting its objectives. Organizations should identify these risks and develop contingency plans to mitigate them.

Step-by-step explanation:

A project plan outlines the intended course of events for a project, but there are potential risks that can prevent the project from meeting its objectives. These risks can include changes in key staff, lack of resources, or unforeseen obstacles. To develop a contingency plan, the organization should identify potential risks for not meeting each project objective and create strategies to mitigate those risks.

For example, if one project objective is to complete the implementation of a curriculum with clients, a potential risk could be the departure of the project lead. The contingency plan for this risk could involve ensuring that there is a clear succession plan in place and that other team members are trained and prepared to take on the project lead role if needed.

Another potential risk could be a lack of resources or funding to support the project. The contingency plan for this risk could involve identifying alternative sources of funding or finding ways to optimize the use of existing resources.

Overall, it is important for organizations to anticipate potential risks and develop contingency plans to ensure that the project objectives can still be achieved, even if things don't go as intended.