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1. Develop a Risk Management Plan template that can be used

1. Develop a Risk Management Plan template that can be used for any type of project with the following characteristics:A. The template must be in Microsoft Word.B. The template must include the following sections with a brief sentence or two of instructions for each section:I. Project Information – similar to ‘General Information’ in table 4.2 of risk textbook.II. MethodologyIII. Roles and ResponsibilitiesIV. Risk Management BudgetingV. Risk Management Timing – similar to ‘Risk Management Scheduling and Timing’ in table 4.2 of risk textbook.VI. Risk Categories – examples include: technology, data, people, purchasing, etc…). You may come up with your own categories.VII. Risk Probability/Likelihood and Impact MatrixVIII. Project Stakeholder TolerancesIX. Risk Reporting FormatsX. Monitoring and Controlling RisksNote: Your template should not contain any project-specific information. You are not filling out or completing the template for a project, you are just creating a template that can be used later by project managers who need to create a risk management plan.

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