Question: Answer ALL questions below. [60 marks] 1. Provide a background for a project of your choice. (5 Marks) 2. Identify 20 potential risks on the

Answer ALL questions below. [60 marks] 1. Provide a background for a project of your choice. (5 Marks) 2. Identify 20 potential risks on the project above. (10 Marks) Discuss choice of risk identification tool/technique. 3. Analyse all 20 risks using both qualitative and quantitative risk analysis. (20 Marks) Use the following risk rating criteria: RISK RATING CRITERIA RATING SCALE 1 2 3 4 5 PROBABILITY Rare Unlikely Possible Likely Almost Certain IMPACT Negligible Minor Moderate Major Catastrophic 4. Plot risks on risk severity graph (5 Marks) 5. Prioritise 10 key risks on a risk register (5 Marks) 6. Develop a Risk Response Matrix for the 10 prioritised risks. (10 Marks) 7. Explain how risks will be controlled during project execution. (5 Marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

MSc Applied Research Project Please answer question (C) Introduction: Section A Fri 31st Jan 2020 Teams should prepare a 10 minute presentation: Venue: Safari Annexe O'Donovan's Road Time:...

QUESTION: WRITE EXECUTIVE SUMMARY FOR CUCINA LTD PROJECT 300 WORDS MSC Applied Research Project Cucina Ltd. Competitive advantage through data integrity Company History Cucina Ltd. is an Irish...

Please answer this task: > UNDERSTANDING OF REQUIREMENTS This task is highlighted in red ink on page 10. Overview of each session page. MSc Applied Research Project Cucina Ltd. Competitive advantage...

MSc Applied Research Project PLEASE ANSWER QUESTION 5 (Identification of reports which would benefit Cucina) Teams should prepare a 10 minute presentation: Wed 29th Jan 2020 1. Group identity and...

coursework 2 COURSEWORK 2 QUESTION Mini Project [15%) Student is requiring selecting ONE (1) company as stated below and conducting a business portfolio analysis of the chosen company: 0 Nestle 0...

Answer ALL questions below. [60 marks] Question One Much debate exists within the literature about leadership and management. Kotter (1990:103) argues that management and leadership are two...

Mini Project (15%) Student is requiring gelecting ONE (1) company as stated below and conducting a business portfolio analysis of the chosen company: - Nestl - Apple Inc. - Sony Corporation -...

Answer ALL Questions (Total: 30 Marks) 1. Focus Bhd has four main business segments. The reportable operating segments are hiring business, consultation service, travel agency and accommodation. The...

Answer ALl Questions Total: 30 Marks) 1. Focus Bhd has four main business segments. The reportable operating segments are hiring business, consultation service, travel agency and accommodation. The...

For each of the following, journalize the relevant closing entry. Make sure you include what account is debited and what account is credit. a-Turnkey Technology Co. has $50,000 of revenue generated...

In March 1997 the exchange rate for the Indonesian rupiah was R 2,419 = $1. Inflation in the year to March 1998 was about 30% in Indonesia and 2% in the United States. a. If purchasing power parity...

acculthration agent guldance agent ethongmaptic question 6 1 pts ovie and restaurant reviewers, magazine editors, retail buyers and Df ' s are considered because they filter information. laggards...

Researchers asked 101 people at a fair to pour 25 mL of whiskey into a glass and then measured the actual amount poured. 27 of those people were slightly intoxicated (at least one drink), and the...