Identify the top three or four project risks and explain how they might affect project schedule and$/$or cost$.$

$-$ Not able to obtain recording infrastructure for training

$-$ Not able to get the data team to respond in a timely manner about testing data and PII redaction

$-$ Stakeholders responsible for giving$/$identify Key Metrics and Components $($KPIs$)$ don$$t do it in a timely manner or give wrong information on bad assumptions

$-$ Procurement of testing servers gets delayed.

Explain whether modeling $($Perform Quantitative Risk Analysis process$)$ will be needed for some of your risks and, if so$,$ why; if not, how did you gauge the effect of those risks?

Performing a Quantitative Risk Analysis will help reduce the risk of an event negatively impacting the project. Risks that have a low impact or can be quickly resolved can be accepted. A risk such as not having the servers on time, would have a large impact on the project. This could easily set the entire project back. A risk like this needs to be analyzed to reduce the risk.

Indicate how you might respond to each risk, why that response is the most appropriate, and argue why the benefits of the response outweigh the costs associated with the response. $($No elaborate and rigorous quantitative justification is required $-$ a high$-$level but convincing argument is fine.$)$

Both the recording infrastructure and testing servers are physical items that need to be gotten from outside the company. If there is space available, it would reduce the risk by having these items delivered before they are needed. This reduces the likelihood of these being received late. These should be prioritized based on the impact on the overall project. If the servers will halt the critical path, this needs to be prioritized. The data and key metrics should also have planned delivery dates before the planned start dates where these are needed. This will help avoid delays. This also allows for the project to work ahead of schedule if possible.

Briefly explain how you would use #$1,2,$ and $3$ above to present a balanced and well$-$informed picture of the project schedule and cost at an upcoming meeting with your sponsor and senior executives. Assuming you have only five minutes to make your presentation, think in terms of a few $($two to three$)$ charts you could present to capture your story. $($These charts do not need to be specific to your project, so you could either include sample charts or even briefly $-$ but clearly $-$ describe them.$)$ The better you can anticipate your audience's questions and even their possible resistance and push back, the better your write$-$up will be$.$