Define the scope of the risk plan and determine the risk management plan components.

Assessment 2: Risk, Scope, Components, and Value

• Define the scope of the risk plan and determine the risk management plan components.
• Determine who will be responsible for the development of the risk management plan, and who will monitor the progress.
• Use expected monetary value analysis to explain the cost of not managing risk in this organization. Note that monetary value analysis requires an estimated dollar amount.