Question: Create a Risk Registry for the four (4) major risks identified in the Nicholas & Steyn textbook, Example 10.5: Managing Schedule and Cost Risk at

Create a Risk Registry for the four (4) major risks identified in the Nicholas & Steyn textbook, Example 10.5: Managing Schedule and Cost Risk at Vancouver Airport. Much information is given.

  • Complete the Risk Registry table/matrix below using the format of the Risk Registry Example: Table 10.6.

For each of the 4 Risk Sources, complete the following (5 pts. for each risk):

  1. Indicate the Functional Area Impacted (ie. Site Operations, Procurement, Material Handling, OTS (Off-the-Shelf) Components/Technology)
  2. Estimate a Risk Impact value
  3. Estimate a Risk Likelihood value
  4. Calculate the Consequence Rating
  5. State the Effect on Project if Risk Source Materializes
  6. State the Action to Mitigate or Eliminate Risk

Risk Source or Condition

Functional Area Impacted

Risk Impact (1-5)

Risk Likelihood (%)

Consequence Rating

Effect on Project if Materializes

Action to Mitigate or Eliminate Risk

Structural Steel Delivery & Erection Risk

Material Handling Risk

Environmental Risk

Functionality Risk

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!