Discuss why the RBS is important, how it is developed, how it is used.

Guidance Week 7 -Final Project
First let me reinforce what is presented in the course project description. It seems a little confusing, so I will attempt to clarify when possible.
Please reference the template found in Appendix A, page 197, of the Practical Project Risk Management: The ATOM Methodology text. BUT, DO NOT COPY IT — USE IT FOR GUIDANCE. Do not waste your time retyping the bullet point lists. Look for sections in the template that are enclosed in carets ( < >) and work them into your document based on the sections described in the grading rubric. But, use your own words.

READ AND FOLLOW ALL OF THESE GUIDELINES (I have highlighted portions)
Just a few reminders on your final course project paper:
• You will be using the information that you have created in the weekly assignments to complete the paper, but you should not simply copy and paste the weekly assignments into each section of your final paper. Discuss how and why they are used in the project.
• Ensure that each of your weekly assignments has been submitted and graded and you have made corrections (do not lose points twice). Remember that the paper is only one part of your weekly work and that your weekly assignments make up critical information you will use to write your final course project paper.
• Follow the format as indicated in the Deliverables section on the course site.
• One of the most important steps that you can take: PROOFREAD your paper!!! Have someone else who does not know about the project read the paper. If he or she can read and fully understand what you’re saying, you probably have a good paper. Remember: you know what you’re saying, but does the reader understand the message that you’re trying to convey? This one element will save you time and the grief of a poor grade for grammar and readability. If you cannot find a proofreader, try reading the paper aloud.
• Papers must be 15 to 20 pages in length (this would be roughly one page per area included in the report (not including the tables), 12-point font, double-spaced, and must include a cover page, table of contents (automate the creation see here http://office.microsoft.com/en-us/word-help/create-a-table-of-contents-or-update-a-table-of-contents-HP001225372.aspx ), introduction, body of the report, summary or conclusion, and works cited. I realize that 15 pages seems a lot but remember that I am looking for your understanding of what each of the tools and templates means so do the who, what, and why for each template.
• Even though this is not a scientific writing assignment and is mostly creative in nature, references are still very important. At least six authoritative, outside references are required (anonymous authors or web pages are not acceptable). These should be listed on the last page, titled “Works Cited.” Hopefully, you read the assignment at the beginning of the course and this does not come as too big a surprise. Use the DeVry library or textbooks from former classes for other sources. Another option is to use Google Scholar (Google – click more, then click even more. Near the bottom, you will find SCHOLAR. Key word search on items in the course such as “project stakeholder analysis” or “project sizing”. REMEMBER that you cannot just place articles in the references section. YOU MUST cite them in the body of your paper. I hate to give away the tricks of the trade but… you are in the section where you are writing on the stakeholder analysis. Go to Scholar find an article on the importance of Stakeholder analysis. Then it becomes Joe (2010) found that stakeholder analysis is very important to project success. In the XXX project we performed a stakeholder analysis. The project has YYY stakeholders. Then you can do things like define the categories and reference the template and place it in an appendix or the body if appropriate.
• Appropriate citations are required. Use APA format – DeVry web site has help.
• All DeVry University policies are in effect, including the plagiarism policy.
• Papers are due during Week 7 of this course.
• Any questions about this paper may be discussed in the weekly Q & A Discussion topic.
• This paper is worth 175 total points and will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure. In Word turn on spelling and grammar checking .
USE the Grading Rubric and Best Practices sections for guidance

Template Sections as a Guide Category Points Score
Template Section 1 Format: Cover page, Table of Contents, Introduction You are introducing your risk management plan. 15
Spelling, Grammar. Formatting 5
Template Section 2 Project Description and Objectives Your week 1 with corrections. Here you are introducing your project. Tell me why descriptions and objectives are important in defining your project 15
Template Sections 3 and 4 Aims Scope and Objectives of Risk Process including Project Sizing – A paragraph or two on the ATOM process. What is it used for, why is it important, where does the data come from? Discuss in relation to your project and ATOM.

Template Section 5 Risk Tools and Techniques Stakeholder Analysis Again describe who, what where, when, why and how as needed. 20
Template Section 5 Risk Tools and Techniques RBS In metalanguage. Discuss how you identified the risks. Discuss why the RBS is important, how it is developed, how it is used. 20
Template Section 5 Risk Tools and Techniques Probability-Impact Matrix Same stuff – What is it used for, why is it important, where does the data come from? How did you determine probability and impact? Discuss in relation to your project and ATOM. 20
Template Section 5 Risk Tools and Techniques Risk Register Same as above. 20
Ignore Section 6 the Roles and Responsibilities Section
Section 7 Risk Reviews and Reporting Discuss the importance and frequency of reporting Describe in the text why, when and all of their friends. You do not have to attach the week 6 assignment. 20
Conclusion and Reference page Summary and conclusion of the risk management plan. 20
Total 175
What is it, why is it used, how is it used, how does it relate to risk management for each section

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