G H K M N O P Exercise: Risk Exercise: Risk + Think of a project most students would understand; the Project Description: Really fun project kinds of tasks involved should be familiar Risk Event Prob Impact Prob- Responsel Plan ability (1-5) ability Esti- + Use the Risk Response Form to complete the following (1-5) X Contingency Plan Impact mate steps: ($) 1 Risk # 1 3 3 9 Step 1: xx $0 . Provide a brief project description Step 2: Xx . Identify 5 risks inherent to the project and list them on the form Use the Probability and Impact columns of the form to assess 2 $0 and prioritize the risks (use a 1-5 scale) 3 Develop a response to the 2 highest priority risks (complete the $0 Contingency Plan column as appropriate) . Develop a cost for the contingency plan, as appropriate 4 $O UCSD - MOT 172 - Evenas Praeal Management This atormation may not be used or reproduced minout prior writen approaaaf the authors Saddle 40 UCSO - MGT 172 - Business Project Management Kathleen Hedges and Rebecca Rayal 2020 This iformation may not be used or reproduced without prior written approval of the authors Side 41 @ Kairiean Hedges and Rebecca Rayal 20204 Probability 3 N 5 1 2 4 Impact