Instructions:

do the work by performing the following steps: 1. Use only the template provided by me. 2. Copy the 2 risk threats from the risk register information from Assignment 2 into Assignment 4 Risk Register template.

threat :

1. Competition from the Market:

Competition from other hotels offering equivalent all-inclusive packages, Projects I may find it difficult to differentiate out and attract clients. It may be tough to distinguish out, resulting in fewer people choosing the resort.

Implementation of Challenges:

Changing all the hotel brochures and marketing materials for Project I can be difficult. It takes time and requires strong departmental coordination. Delays or faults in the process could undermine the impact of the marketing campaign and create a negative image.

3. Make any necessary corrections or recommendations.

Do not use the risk opportunity for this assignment. 4. Decide which risk you will use for the contingency plan and use the other risk for identifying a secondary risk or residual risk. If you need to increase or decrease the probability or add or reduce costs, include the reasoning in the risk response reason area. 5. Use this table as a guide to ensure you include all the required information. Do not leave any fields empty. Big Island Hotel: Insert your project scenario here. Risk ID Risk Statement Probability Impact Risk Rating Risk Type EMV wqasezd2X#Cost EMV Dur Risk Category 1 From Assignment 2 Trigger Clearly (specific and quantifiable) identify a trigger for this risk. Risk Response & Reason Enter the most appropriate risk response (this is one word like Accept) Include the reason why you believe this is the best risk response. If applicable, explain the changes made to the original risk Overview of the Contingency Plan Describe the reason(s) it makes sense to have a contingency plan for this risk 2 From Assignment 2 Trigger Clearly (specific and quantifiable) identify a trigger for this risk. Risk Response & Reason Enter the most appropriate risk response (this is one word like Accept) Include the reason(s) why you believe this is the best response. If applicable, explain the changes made to the original risk Secondary or Residual Risk Identify and clearly label if there would be a residual or secondary risk based on the response selected (if this risk occurs). Using a statement like the risk response will create a secondary risk, or there will be a residual risk . Describe the secondary risk or residual risk 6. Hand in the risk register only (not the instructions) 7. Double-check your work