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Instructions

Instructions

It is spring and your CEO Elizabeth Johnston has decided to tie the knot and get married once again. Liz wants the wedding to be a great success. The wedding is to take place outdoors which is on $10$ acres of landscaped lawns and gardens in Beverly Hills, California. She has assigned YOU as the executive who is responsible for the events that take place on the day of the wedding. YOU are not responsible for the events that take place prior to and after the wedding. YOU are not responsible for the prenuptial agreement, purchasing the wedding rings, inviting the guests, or arranging for the honeymoon. YOU are responsible for arranging all the events that take place on the day of the wedding.

These include making arrangements for the following:

Who is going to officiate?

Wedding music during the ceremony

Catering a sit$-$down dinner after the wedding

Main wedding cake

Providing alcoholic and non$-$alcoholic drinks in all areas

Dance music after the wedding

Small gift for each of the guests

Larger gift for each of the members of the wedding party

Special transportation for distinguished guests:

$-$President of the United States

$-$Queen Elizabeth II of Great Britain

$-$President Putin of Russia

$-$Former President Jimmy Carter

$-$Former President Gerald Ford

$-$Donald Trump

$-14$ United States Senators

$-114$ United States Congressmen

Perimeter security from paparazzi

Internal security for unruly guests

Air security

Parking lots

Emergency medical staff

Tasks to be performed

Risk Identification

Document all possible risks to the event in list form even if they seem funny. Do not list risks that are not within the scope of this project. Risks that should be excluded are risks that occur off the wedding property or risks that take place before or after the wedding day.

When all of the risks have been listed, you must then evaluate the risks listed. Both the probability and the impact of each risk are to be evaluated. The impact or the probability of each risk can be evaluated on a scale of $0$ to $10.$ A value of $0$ means that there is either no impact or a zero probability for the risk. A value of $10$ means that the probability for the risk is $100\%.$ Risks that have an impact or probability of $0$ are insignificant and can be eliminated from further consideration. Risks that have a probability of $10$ are a certainty and should be included the top risks.

Table $1$: Risk identification

Risk

Probability

Impact

Total

It could rain during the wedding ceremony or reception

$5$

$5$

$5$

Ranking all identified Risks

Looking over the list of identified risks and their severity, mark the rank of the top $20$ highest severity risks.

For these top $20$ highest severity risk determine what you need to do for them from a risk strategy perspective $($Risk avoidance, Risk acceptance and sharing, Risk mitigation, Risk transfer$)$

Consider mitigation strategies of reducing the probability or the impact or both.

Transfer and avoidance strategies can also be used.

Each risk should have an action plan associated with the risk in case it occurs.

Example

Table $2$: Ranking Risks

Risk

Probability

Impact

Total

Risk Strategy

Action Plan

$1$

It could rain during the wedding ceremony or reception

$5$

$5$

$5$

Risk Avoidance

Investigate alternative indoor venue to avoid the risk of weather during the ceremony or reception.

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$