As part of planning your project, you need to identify and analyze risks to the project. You will make a list of six risks using the template provided. At least one risk must be a positive risk. (Note that in reality, risk identification does not at a predefined number) Based on the information you establish in the risk plan template, score these risks, and for 3 of them provide a risk response, following the responses provided in the textbook, and explain those responses. One of the three risks planned for must be the positive risk identified

By following the template below answer the above question:

Project Overview

The proposed project is to open a moderately priced and offering Indian style food and service restaurant. The restaurant will provide a unique Indian dining experience by providing menu items incorporating quality ingredients at reasonable prices. The restaurant will be a full-service, sit-down restaurant, offering a variety of authentic appetizers, entrees, desserts, and beverages.The restaurant will employ a staff of experienced chefs and waitstaff to provide customers with holistic dining experience. The location of the restaurant will be Outlet Mall, which is a very popular location in the southern part of Winnipeg. The restaurant industry is a large and diverse business. The restaurant will utilize a marketing plan to build customer traffic. They will continuallystrive to win more customers by being proactive rather than reactive in their marketing efforts. They will achieve these goals by using ane-mail marketing campaign, a loyalty program, and sponsoring the local community.

The project will require an initial investment of $150,000, 50,000 of which will be contributed by the owners and the remainder will be secured through a proposed bank loan. This budget will cover the cost of leasing a space, purchasing restaurant equipment and supplies, and training staff. Important Assumptions:

Meal Price range from $8.00 - $ 15.00

Average lunch price: 9.00

Average dinner price: 14.75

The dinning room will be comprised of 20 tables with seating capacity of 80 seats.

The restaurant will employ 10 employees

Initial Number of Customers Per Day: 30

Average Order per Customer: $15.00

Annual Lease: $40,000

Schedule Estimate:

Milestone	Due Date
Location Selection	August 2023
Lease agreement	September 2023
Renovation period	December 2023
Hiring	February 2024
Launch Promotion	March 2024
Opening	April 2024

Risk Management Plan Introduction

(provide an explanation of what this plan is used for, what approach your project is taking to identifying risks and how risks will be managed over the life of the project (ie. roles, responsibilities, updates to the plan)

Terms and Definitions

(define the terms the reader needs to understand this document. Assume your reader knows nothing about project management)

Risk Scoring

(define and make a risk scoring system specific to your project)

Risk Registry

Risk #	Score	Risk Name	Category	Risk Response	Status

Risk Management Strategies

Risk #	Risk Name	Category
Risk Score	Probability	Impact	Risk Owner
Risk Response	Risk Management Strategy	Trigger
	(provide a description of what this response will look like for this specific risk)

Risk #	Risk Name	Category
Risk Score	Probability	Impact	Risk Owner
Risk Response	Risk Management Strategy	Trigger
	(provide a description of what this response will look like for this specific risk)

Risk #	Risk Name	Category
Risk Score	Probability	Impact	Risk Owner
Risk Response	Risk Management Strategy	Trigger
	(provide a description of what this response will look like for this specific risk)

Risk #	Risk Name	Category
Risk Score	Probability	Impact	Risk Owner
Risk Response	Risk Management Strategy	Trigger
	(provide a description of what this response will look like for this specific risk)