In Assignment 4, we are preparing a risk management database. Use the template provided and follow the more detailed instructions. One of the outputs from this database is the threat management cost that will be input into next week's budget. We have to complete the "Student to Complete" sections and looking for some guidance on how to get started?

Assignment 4 Information ~ a/an may Response Trigger (T-1) / Risk (R-1) Functional Area Opportunity (0-1) Threat Number occur which could lead to Impact $ or Probability % Opportunity, Threat or What is plan to (event or date that Estimate of Threat Responsible Component Time P*I Strategy Strategy? (How) be undertaken) 30% of P* | Opportunities PMIS on an open database platform is a product we can sell. Sales of this program to other businesses could lead to $1M sales or more for the next few years, offsetting the total cost of development and 0-1 Software adding profits. 1,000,000 80% 800,000 NA Assignment 4 Risk Management Database Headings Assignment 4 Risk Management Database In Assignment 4, we are preparing a risk management database. Use the template provided and follow the more detailed instructions. One of the outputs from this database is the threat management cost that will be input into next week's budget. If you don't understand the requirements for Assignment 4, please ask a question in the Ask Your Instructor forum.Risk Management Database Structure based on Recker, G. M. (2004). A practical risk management approach . Conference Paper PMI Global Congress 2004 Anaheim Ca. Newtown Square, PA. Project Management Institute Exhibit 5 Risk Database Structure Instructions Add a second opportunity as O-2, calculate the cost for T-1 and R-1, Add a second threat as T-2 Add A second 50-50 Risk as R-2 Complete all Cells under Assessment and Response planning Reminder convert time etc. to equivalent dollar cost in yellow cells In other risks, the 15% applies to both the opportunity side and the threat side. The total of your threat management will be input into your budget in Assignment 5 Date last modified: 30-Sep-21 Planning Processes Identification Assessment Response Planning Description format (Do to/As a result alan may Response Trigger Opportunity (0-1) / Functional Area Threat Number (T 1) / Risk (R-1) Impact $ or Probability % Opportunity, Threat or What is plan to (event or date that Estimate of Threat Responsible occur which could lead to Component Time P* Strategy Strategy? (How) be undertaken) 30% of P*| Opportunities PMIS on an open database platform is a product we can sell. Sales of this program to other businesses could lead to $1M sales or more for the next few years, offsetting the total cost of development and 0-1 Software adding profits. 1,000,000 80% 800,000 NA Student to Student to Student to 0-2 Student to complete complete complete complete NAStudent to Student to Student to 0-2 Student to complete complete complete complete NA For Ass Threats HAL 9000 Old Technology and | About 1/2 of won't be stable, the same data the Effort in Escalate To Leadership | If leadership agrees we may produce two or more Activities 5-10 because only can use the UNIX different answers leading to will need to be leadership can change system in the finance Week 14 Activity 11 T- 1 Hardware PM incorrect answers. reworked 10% the platform department Test Data Integrity Student to Student to Student to T-2 Student to complete complete complete complete Other Risks Due to early or late arrival of the hardware, a change in the end date of Activity 10 could accelerate or delay the start Student to R-1 Hardware PM dates for activities 11-19. 2 weeks +/- 15% complete Student to Student to Student to R- 2 Student to complete complete complete complete