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Running head: ABI PROJECT RISK MANAGEMENT PLAN
ABI Project Risk Management Plan
Mr. Scott De Clue
Alice Sinal
University of Phoenix
ABI Project Risk Management Plan
Risk management attempts to recognize and manage potential unforeseen trouble spots that may occur when the project is implemented (Gray and Larson, 2006). In most decision situations, project stakeholders go through a number of stages that help them think through the problem and develop alternatives solutions. Under conditions of certainty, project managers are simply faced with issue to identify the consequences of available options and selecting the outcome with greatest potential benefits. Adverse factors contribute to expose the project stakeholders to uncertainty conditions where the outcomes of options are unpredictable. Although managerial intelligence and competence are widely available, the ability to deal with uncertainty is compared to a walking through a minefield, a single wrong step can lead to a disaster. Introduction of new technologies or new markets are the most common occasions for decisions making under uncertainty.
American Banking of Indiana (ABI) is a regional bank based in Indiana. Presently ABI has been acquired by the First American Financial Services group (FAFS) and is adopting the latest technologies to improve its reach and widen its portfolio of financial services.
The present paper assesses the Integra project management risk focusing on aspects related to management response, perception of the risks to ensure that the project risks are identified, analyzed and a mitigation plan is put in place. The measurement of the project performance describes how ABI during the In ...