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Running Head: SUSTAINABLE HOME PROJECT MANAGEMENT PLAN Project Management Plan From PMGT501by Troy StempfleyEmbryRiddle Aeronautical University Worldwide DMGT 690 June 17, 2017SUSTAINABLE HOME PROJECT
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How to fill out risk breakdown structure for

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How to fill out risk breakdown structure for

01
Step 1: Identify the project objectives and deliverables
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Step 2: Identify the major categories of risks that could potentially affect the project
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Step 3: Break down each major category of risks into subcategories or components
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Step 4: Assess the likelihood and impact of each risk component
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Step 5: Assign a risk score to each risk component
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Step 6: Prioritize the risk components based on their scores
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Step 7: Develop mitigation strategies and actions for each high-priority risk component
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Step 8: Monitor and review the risk breakdown structure regularly throughout the project

Who needs risk breakdown structure for?

01
Project managers
02
Risk managers
03
Stakeholders
04
Project teams
05
Organizations
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Risk breakdown structure is a tool used to identify, categorize, and prioritize risks within a project or organization.
Risk breakdown structure is typically filed by project managers, risk managers, or anyone responsible for managing risks in a project or organization.
To fill out a risk breakdown structure, one must identify potential risks, categorize them, assess their impact and likelihood, and prioritize them based on their level of risk.
The purpose of risk breakdown structure is to help organizations identify and manage risks effectively, allowing them to mitigate potential threats and maximize opportunities.
Information such as risk description, category, impact, likelihood, and mitigation strategies must be reported on a risk breakdown structure.
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