Develop, in as much detail as possible, a process that describes how you believe the team should handle the risks inherent to your project. In other words, develop a process for managing risks in your project. Refer to Figure 7.2 which illustrates steps involved in a risk management process. Use it as a guide for your process. Pay particular attention to the fact that a process step has an input and output, just like in Figure 7.2.
Your process should include but not be limited to the following information:
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Team objectives – What are the objectives of the risk management process your team defined for your project?
Process for handling risk events – What are the steps that will be followed?
Team activities – What will the team do at each step of the process?
Team outputs – What are the outputs from each step of the process? For example, the risk response matrix is an output from step 3 of the risk management process in Figure 7.2.
Please try to state your objectives, activities and outputs in terms of risk management.
As part of your process, produce at least one output document for your chosen project. Specifically your team must develop a risk response matrix. Use Figure 7.8 as a guide. You may choose to create more outputs based on templates/examples found in Chapter 7 that you think would fit your project such as Figure 7.5, Figure 7.6 and/or Figure 7.7.
When completing the risk response matrix, it is recommended that each team member assemble this list individually, then gather to review, condense, and address each risk.
To recap, your team will submit a process for handling risks AND a risk response matrix for your project. Depending on your process, you may also include other outputs, like a Risk Assessment Form (Figure 7.6) or Risk Severity Matrix (Figure 7.7).
Unit VII Course Project
Code of Ethics
Begin by preparing of Code of Ethics for a fictional company which should include at minimum ten elements. Once you have compiled the Code of Ethics, respond to the following questions:
1. Why did you include each of the ten elements?
2. Why is a Code of Ethics an important part of every business from an employer
standpoint?
3. Why is a Code of Ethics an important part of every business from an employee
standpoint?
4. Once you have written the Code of Ethics, how would you implement to ensure compliance?
Your completed assignment should be a minimum of two double-spaced pages (one page for the Code of Ethics and one page for question responses). Please use a minimum of two credible sources from the CSU Online Library to support your
reasoning. Referenced sources must have accompanying citations complying with APA guidelines.
