Project Management Tools
This paper describes efforts put forth to define a Risk Response Plan for a US Government(USG) development project currently being developed by Precision Castparts Corp Inc (PCC) within the state of Oregon. The project is being managed by PCC team of engineers and a USG team. The PCC engineer team has informal project management processes and the use of these processes is generally left to the discretion of the designated project manager. A Risk Response Plan (RRP) is not generally addressed in a strict manner. Typically, risks are not formally identified and documented, nor is proper consideration given to the appropriate management actions that should be applied when risks become realities. The historic approach to risk is one of reaction to risks rather than identification, anticipation, monitoring and pro-active responses.
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Gibbs, Nathan; Steeves, Richard; and Mupemba, Kabasele Yves, "Risk Response Plan for Precision Castparts Corp Project" (2009). Engineering and Technology Management Student Projects. 849.