Getta Byte software is a new billing system that need to develop and implement.

Instructions

1. Review the Week 6 Getta Byte Software Risk Management video located in the Week 6 Lesson; the video provides examples of 3 negative risks.
2. Apply the risk management process learned in the Week 6 reading assignments (i.e., Chapter 11 of the Contemporary Project Management textbook and Part 1 Section 11 of the PMBOK Guide. to identify, assess, and plan risk responses for five positive and five negative risks other than the examples provided in the video using the Risk Register Template located in the Project Templates section below.
   1. For the risk identification process, be sure to assess the following process inputs: 1) Internal and external enterprise environmental factors and 2) the organizational process assets. Next, proceed to complete the following identification columns in the Risk Register Template.
      • Category
      • Risk Name
      • Risk Description
      • Risk Owner
      • Reason/Root Cause
      • Effect/Impact on Project Objectives
   2. For the assessment process complete the following columns.
      • Probability of occurrence
      • Impact/Cost
      • Impact/Time
      • Impact/Quality
      • Risk Score (i.e., probability times impact)
   3. For the Plan Risk Response process complete the following columns.
      • Risk Response Strategy
      • Cost

File Home Insert Page Layout Formulas Data Review View Help Share Comments Insert 11 A A Calibri ab == > General 28 O 3 Paste .00 BIU 6 Av 9X Delete Format Ideas $ %) Sensitivity Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas Sensitivity B4 X fx - M N 1 Cost Risk Response Strategy Schedule design review meetings one week prior B C D E F G H K L Qualitative Risk Analysis 2 ID Category Risk Name Risk Description Risk Owner Reason/Cause Effect Probability Impact/Cost Impact/Time Impact/Quality Risk Score 1 Technical Design not approved in [SAMPLE RISK layed or not Designer Availability Development delay 3 5 5 3 2 3 3 time submitted on time 4 5 6 7 8 9 10 10 1 11 40 12 12 13 12 14 15 15 16 16 17 18 19 20 21 The risk score is calculated from the probability multiply by the highest risk score (1-5) divided by 5 to give an average risk score between 1 and 5. 22 23 Score between 4 and 5 24 Score between 2 and 3.99 25 Score between 0 and 1.99 26 27 Sheet1 (+ HHH + 809 File Home Insert Page Layout Formulas Data Review View Help Share Comments Insert 11 A A Calibri ab == > General 28 O 3 Paste .00 BIU 6 Av 9X Delete Format Ideas $ %) Sensitivity Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas Sensitivity B4 X fx - M N 1 Cost Risk Response Strategy Schedule design review meetings one week prior B C D E F G H K L Qualitative Risk Analysis 2 ID Category Risk Name Risk Description Risk Owner Reason/Cause Effect Probability Impact/Cost Impact/Time Impact/Quality Risk Score 1 Technical Design not approved in [SAMPLE RISK layed or not Designer Availability Development delay 3 5 5 3 2 3 3 time submitted on time 4 5 6 7 8 9 10 10 1 11 40 12 12 13 12 14 15 15 16 16 17 18 19 20 21 The risk score is calculated from the probability multiply by the highest risk score (1-5) divided by 5 to give an average risk score between 1 and 5. 22 23 Score between 4 and 5 24 Score between 2 and 3.99 25 Score between 0 and 1.99 26 27 Sheet1 (+ HHH + 809