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Management Question

1 min read
Posted on 
July 24th, 2022
Home Uncategorized Management Question

Learning Goal: I’m working on a management exercise and need an explanation and answer to help me learn.

Prepare a project requirements matrix, a risk assessment matrix, and a cost breakdown for the project proposal selected in Week 2. Microsoft® Excel® can be used to prepare these documents.

Collect and evaluate the high-level project requirements.

Prepare a requirements matrix that includes:

  • Requirement
  • Phases of the project
  • Responsible party
  • Cost to complete
  • Duration to complete

Prepare a risk assessment matrix that includes:

  • Risk
  • Potential of risk occurring
  • Level of impact to the project
  • How risk can be mitigated
  • Briefly summarize a risk owner’s role in the risk response plan and how a project manager should assess and deal with risk.

Prepare a cost breakdown sheet that includes:

Visual insight of project finances

Compile the requirements matrix, the risk assessment matrix, and the cost breakdown sheet.

Submit your assignment.

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