1) Identify 15-20 total general risks about this project and write them down on the Risk Assessment...
Question:
1) Identify 15-20 total general risks about this project and write them down on the Risk Assessment Table provided.
2) Complete the Probability Definitions Table in which you will define different levels of probability (i.e. very low, low, medium, high, very high, etc.) and explain what each means in the context of the project. Also assign a % probability value to each level (Reference slide 38 from week 7 slides)
3) Complete the Impact Definitions Table establishing similar levels (i.e. low, medium, high, etc.) and describe what that level means in the context of the project. (Reference slide 39)
4) Use the information in (2) and (3) to complete the Risk Assessment Table. Assign the assessment filling out the level of probability and impact, then use the Probability and Impact Matrix to determine an overall assessment for the risk.