Below is the requirements for the budget and the project risk management. Please go through the requirement and the attached business case to add more details on the project management plan which is also attached
[This section includes activity cost estimation and the project budget. All direct and indirect costs should be included as well as the method used to develop fully loaded costs for all resources. Describe your bottom-up technique used for cost estimations and present your budget in a table by phase/by resources.
Project Risk Management
[Use this section to describe how your organization will plan for managing risk. Each sub-section will contain information related to how to identify risk, assess risk, respond to risk and monitor/control risk.]
[Describe how your organization will identify risks and why this method of risk identification is appropriate for your project. Briefly describe three to five risks that you’ve identified. Begin the development of the risk register from your list of identified risks. Place the risk register in Appendix B and update it with assessment and response strategy information as you work through the risk management process.]
[Describe how your organization will assess risks and why this method of risk assessment is appropriate for your project. Briefly describe the risk assessment process, define the scale you will use to assess the risks (i.e., High Impact=50% additional cost to the activity or project, or High Probability = terminate project). Illustrate your risk assessment using a risk assessment matrix. With the results of the risk assessment (prioritized risk based on risk assessment), update the Risk Register in Appendix B.]
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