Contingency plan

Need help with my Business question – I’m studying for my class.

Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management.

Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan:

1. Potential Risk Factors
2. Contingency Plans

Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan.

Use Microsoft PowerPoint® to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information:

• The organization’s information presented in Wk 1
• SWOT analysis and market trend research
• Project objectives
• How success will be measured (Quantifiable Objectives)
• The value this project will bring to the organization
• Project metrics
• Timelines
• Responsible parties
• Potential risk factors
• Contingency plans

Include detailed speaker notes within the presentation.

Cite all sources according to APA guidelines.

You will submit 2 different deliverables:

1. Updated project plan with potential risk factors and a contingency plan
2. Executive presentation with detailed speaker notes within the presentation