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Buying a House and Moving into the House Project
Risk Management Plan
Angel Wallace
Project Manager
October 21, 2012

Table of Contents
Risk Management Plan for Buying a House and Moving into the House1
Executive Summary3
Introduction4
Project Description5
Project Sizing6
Stakeholder Analysis8
Risk Breakdown Structure9
Probability – Impact Matrix10
Risk Register13
Risk Reviews and Reporting15
Conclusions and Recommendations15
References17

List of Figures
Figure 1 – Buying a House3
Figure 2 – Buying a House and Moving into the House Project – Project Sizing Tool7
Figure 3 – Buying a House and Moving into the House Project – Stakeholder Analysis9
Figure 4 – Buying a House and Moving into the House Project – Risk Breakdown Structure…..10
Figure 5 – Buying a House and Moving into the House Project – Probability and Impact Matrix11
Figure 6 – Buying a House and Moving into the House Project – Risk Prioritization12
Figure 7 – Buying a House and Moving into the House Project – Probability and Impact Scales.12
Figure 8 – Buying a House and Moving into the House Project – Probability and Impact Scoring Scheme12
Figure 9 – Buying a House and Moving into the House Project – Risk Register13

RISK MANAGEMENT PLAN FOR Buying a House and Moving into the House Project Prepared by:Angel Wallace, Home Buyer, Buying a House and Moving into the House Project Approved by:Ramon Vargas, Home Buyer, Spouse

Version:1Date:October 21, 2012
Figure 1 – Buying a House

Note: From the website: http://www.beazer.com/new-homes-for-sale/Dallas-TX-Willow-Ridge-available_home-Baxter_50'-22932.aspx EXECUTIVE SUMMARY
Buying a house can be a challenging and expensive decision for most families. There are many things to consider in the process and could take years to finalize the project. Today, buying a house can be challenging because of the market and the economy falling every hour of the day. The purpose of the project is to provide the steps it takes from deciding to buy a house, buying the house and then moving into the house. A project of this magnitude brings many risks along with it. Some are inherent to the buying process and some are a result of the costs associated with moving. To this end, a comprehensive risk management plan is being developed. The final Risk Management Plan will address how potential risks were evaluated and how responses to those risks were formulated. The purpose of this summary report is to give a thumbnail sketch of the findings, conclusions, and recommendations determined during this exercise. Ten risks were all identified as threats and they fall into four categories: technical, management, commercial, and external. One of the threats was determined to be high priority and six were determined to be medium priority. The remaining are considered to be low priority. Responses have been planned to lessen the likelihood of these threats manifesting themselves. Plans are also in place to address the threat if it does occur. The highest priority risk is the unpredictable weather changes in Texas alone. As many in the U.S that watch the weather are aware that there can be clear skies one minute and a Tornado dropping the next minute. The planned response to this threat is budget insurance into costs associated with buying a house. So many people cut corners and sometimes insurance is one the things cut. Although insurance doesn’t protect your house it will definitely help with costs, especially if you are forced to rebuild or move. Similar responses have been planned for each of the identified threats. What follows is a brief synopsis of the complete Risk Management Plan which will follow within seven days of this report’s issuance. INTRODUCTION

This document is the Risk Management Plan for the Buying a House and Occupying the House project, defining the risk management process to be employed throughout the life of this project. This plan was...
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