create a detailed Risk Assessment. Assessing each risk involves determining the likelihood that the risk event will occur and the degree of impact the event will have on the project.

Each of these factors can be assigned a rating of high, medium, or low. In addition to assessing the likelihood, we need to identify the impact, action trigger, and response plan.

should identify 7-10 risk events.

list of activities

Activity#, Activity Description, Predecessors, Time in Days, Cost

1 Finalize sites & facility contracts 28 $10,000 2 Select race promoter 1 14 $7,500 3 Hire Race Manager 2 21 $5,000 4 Design Promotional Website 2 25 $10,000 5 Finalize TV right 2 60 $8,000 6 Hire Director 2 28 $7,500 7 Plan for TV camera placement 6 13 $7,250 8 Target entertainment 2 45. $12,500 9 Set venue capacity 3 3 $2,000

10 On-site fundraising 12 6 $1,500 11 Lease sound and staging equipment 3 8. $5,500 12 Passes & stage credentials 7,16,18 4 $2,500 13 Finalize sponsors 17 35 $9,000 14 Define & place signage for sponsors 5,17,24 8 $3,000 15 Sign Concession Contracts 2,11 32 $8,000 16 Purchase Race awards. 2 48 $5,500 17 Develop site plan 21. 31. $9,000 18 Hire Security Director 2 20 $4,200 19 Hire Support Staff 21,23 17. $3,600 20 Develop police/fire security plan 23 55 $10,000 21 Develop Traffic Plan 10,20,23 20 $9,500 22 Determine Reqmts for Power, Facilities 17. 30 $6,200 23 Secure Merchandise sales 2 25 $6,100 24 Install Power/plumbing/AC/Toilet Svcs 27 6 $9,500 25 Construct Stage. 3,14,22 2. $7,000 26 Test Sound/Lighting 15 2 $3,000 27 Ready for Race 19,25,26 1