a very long question please answer all

Question 3 - Project Risk Management XU Winter Concert You are a member of the X University (XU) student body entertainment committee. Your committee has agreed to sponsor a winter concert. The motive behind this concert is to offer a safe alternative to Easter Weekend. Easter Weekend is an event in which students from xU rent houseboats and engage in heavy partying. Traditionally this occurs during the last weekend in April or early May. Unfortunately, the partying has a long history of getting out of hand, sometimes leading to fatal accidents. After one such tragedy last spring, your committee wants to offer an altemative experience for those who are eager to celebrate the change in weather and the pending end of the school year. You have just finished a preliminary scope statement for the project. PRELIMINARY PROJECT SCOPE PROJECT OBJECTIVE To organize and deliver an eight-hour concert at Wahoo Stadium at a cost not to exceed $100,000 on the last Saturday in August DELIVERABLES 1. Local advertising 2. Concert security 3. Separate Beer Garden 4. Eight hours of music and entertainment 5. Food venues. 6. Souvenir concert T-shirts. 7. Secure all licenses and approvals. 8. Secure sponsors. MILESTONES 1. Secure all permissions and approvals by March 15. 2. Sign big-name artist by March 15. 3. Complete artist roster by June 1. 4. Secure vendor contracts by June 15. 5. Setup completed on July 27. 6. Concert on August 28. 7. Clean-up completed by August 30. TECHNICAL REQUIREMENTS 1. Professional sound stage and system. 2. At least one big-name artist. 3. At least seven performing acts. 4. Restroom facilities for 10,000 people. 5. Parking available for 1,000 cars. 6. Compliance with XU and city requirements/ordinances. UMITS AND EXCLUSIONS 1. Performers responsible for travel arrangements to and from XU. 2. Vendors contribute a set percentage of sales. 3. Concert must be over by 11:30 p.m. You are now brainstorming and analyzing potential risks associated with the project. a) Identify potential risks associated with this project. Try to come up with at least five different risks. (5 marks) b) Develop a risk assessment form/table to analyse identified risks. (5 marks) c) Develop a risk response matrix to outline how you would deal with each of the risks. (10 marks) Question 3 - Project Risk Management XU Winter Concert You are a member of the X University (XU) student body entertainment committee. Your committee has agreed to sponsor a winter concert. The motive behind this concert is to offer a safe alternative to Easter Weekend. Easter Weekend is an event in which students from xU rent houseboats and engage in heavy partying. Traditionally this occurs during the last weekend in April or early May. Unfortunately, the partying has a long history of getting out of hand, sometimes leading to fatal accidents. After one such tragedy last spring, your committee wants to offer an altemative experience for those who are eager to celebrate the change in weather and the pending end of the school year. You have just finished a preliminary scope statement for the project. PRELIMINARY PROJECT SCOPE PROJECT OBJECTIVE To organize and deliver an eight-hour concert at Wahoo Stadium at a cost not to exceed $100,000 on the last Saturday in August DELIVERABLES 1. Local advertising 2. Concert security 3. Separate Beer Garden 4. Eight hours of music and entertainment 5. Food venues. 6. Souvenir concert T-shirts. 7. Secure all licenses and approvals. 8. Secure sponsors. MILESTONES 1. Secure all permissions and approvals by March 15. 2. Sign big-name artist by March 15. 3. Complete artist roster by June 1. 4. Secure vendor contracts by June 15. 5. Setup completed on July 27. 6. Concert on August 28. 7. Clean-up completed by August 30. TECHNICAL REQUIREMENTS 1. Professional sound stage and system. 2. At least one big-name artist. 3. At least seven performing acts. 4. Restroom facilities for 10,000 people. 5. Parking available for 1,000 cars. 6. Compliance with XU and city requirements/ordinances. UMITS AND EXCLUSIONS 1. Performers responsible for travel arrangements to and from XU. 2. Vendors contribute a set percentage of sales. 3. Concert must be over by 11:30 p.m. You are now brainstorming and analyzing potential risks associated with the project. a) Identify potential risks associated with this project. Try to come up with at least five different risks. (5 marks) b) Develop a risk assessment form/table to analyse identified risks. (5 marks) c) Develop a risk response matrix to outline how you would deal with each of the risks. (10 marks)