Yum Ice Cream is a family-owned business, loved by local people for their creative ice cream...

  
 

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Yum Ice Cream is a family-owned business, loved by local people for their creative ice cream recipes that provide 52 flavour options. The owner wants to grow the business further by attending a regional food fair. This fair has been attracting more than 3000 guests each year. You are appointed as the Project Manager to lead a team of 3 persons (Cindy, Dim, and Bob) to help Yum Ice Cream promote the business at the food fair. The owner and his staff are very busy in the shop and won't be able to attend this event, but he promises that all the ice cream needed will be delivered to the site on time. Your team has to prepare all the other materials and manage the business' show at the fair. The owner listed some requirements for this project: ★ Testing and finalizing new recipes that are specially designed for this food fair Preparing marketing materials for the fair * ★ Visual display (video, photos, etc.) of the business background/history at the fair * Ice Cream tasting for the guests The food fair is 2 weeks away and you've been granted $12,500 to implement this project. This budget includes all the costs involved in meeting the above requirements as well as the pay to your team members ($35 per hour per person). Conduct a risk analysis with the Probability and Impact Matrix and develop a risk response plan using the template provided. Template for risk response plan Risk event Probability* Level of impact* Consequences Response Risk owner Yum Ice Cream is a family-owned business, loved by local people for their creative ice cream recipes that provide 52 flavour options. The owner wants to grow the business further by attending a regional food fair. This fair has been attracting more than 3000 guests each year. You are appointed as the Project Manager to lead a team of 3 persons (Cindy, Dim, and Bob) to help Yum Ice Cream promote the business at the food fair. The owner and his staff are very busy in the shop and won't be able to attend this event, but he promises that all the ice cream needed will be delivered to the site on time. Your team has to prepare all the other materials and manage the business' show at the fair. The owner listed some requirements for this project: ★ Testing and finalizing new recipes that are specially designed for this food fair Preparing marketing materials for the fair * ★ Visual display (video, photos, etc.) of the business background/history at the fair * Ice Cream tasting for the guests The food fair is 2 weeks away and you've been granted $12,500 to implement this project. This budget includes all the costs involved in meeting the above requirements as well as the pay to your team members ($35 per hour per person). Conduct a risk analysis with the Probability and Impact Matrix and develop a risk response plan using the template provided. Template for risk response plan Risk event Probability* Level of impact* Consequences Response Risk owner