For this assignment, select the topic given below: Topic- Renovation of a home (one or more rooms) use MS- excel

Risk Assessment Matrix (10 marks) Prepare a version of your Risk Assessment Matrix showing the potential risks associated with your selected project scenario.

Ensure that your table: Lists at least 3 potential risks Adheres to the structure and format as presented in the class i.e. includes, at a minimum, the following information columns: o Risk description o Impact description (if it does occur) o Degree of impact (High/Med/Low or $$$) o Probability/likelihood of occurrence (High/Med/Low or %) o Risk Level (= Probability x Impact) (High/Med/Low or $$$) o Response Plan / mitigating action description o Triggering action o Responsibility (must be your name for at least 1 or 2 of the risks) o Type of Risk Response (Avoid/Transfer/Mitigate/Accept/Increase) o Cost of mitigating action (High/Med/Low or $$$) o Take action? (Yes/No) Sorts your risk rows in order of highest to lowest risk (Risk Level)