Question: Instructions: Read Case 7.4 - XSU Spring Concert on pgs 245 - 246 of the course text. Next, provide answers to the following questions and
Instructions: Read Case 7.4 - XSU Spring Concert on pgs 245 - 246 of the course text. Next, provide answers to the following questions and prompts. Provide all of your work within this document. Save your work as either a .DOCX or .PDF before submitting it for grading. DO NOT submit your work as a link to an external repository. 1. Identify five potential risks associated with the project. Risk Description 1. 2. 3. 4. 5. 2. What type of impact scale will you use to assess the risk? List the criteria of the impact scale here. (Reference Figure 7.5 pg 220) 3. Complete the Risk Assessment Form listed in the following table for the risks you identified in #1 and using the appropriate impact scale identified in #2. (Reference Figure 7.6 pg 221) Risk Event Likelihood (numeric scale) Impact (numeric scale) Detection Difficulty (numeric scale) When (is the risk event likely to occur or under what conditions) 4. Develop a risk response matrix to outline how you would deal with each of the risks. (Reference Figure 7.8 pg 227) Risk Event Response (Classification: Description) Contingency Plan (alternative plan if risk event occurs) Trigger (What activates the response) Who is Responsible Project Management: The Managerial Process 8E Authors: Erik Larson, Clifford Gray Publisher: McGraw Hill ISBN: 978-1-260-23886-0 (bound) ISBN: 978-1-260-73615-1 (loose-leaf)
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