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:
- Phases of the project
- Responsible party
- Cost to complete
- Duration to complete
Prepare a risk assessment matrix that includes:
- 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.