mod9ex Florida Family Trip - Risk Register Exercise - Protected View . Saved to this PC Search (Alt+Q) Gaganpreet kaur. GK File Home Insert Draw Design Layout References Mailings Review View Help Acrobat Comments Share > AutoSave Off H bu O PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Your job is to review the following risk register and to prepare a list of corrections which includes several discrepancies. Please list at least 10 errors with an explanation for each as to why you believe the information is not correct. So that you know, there are at least 15 things that are not correct with this register. Exercise # 9 - Risk Register Review Family Trip to Florida Risk Identification Qualitative Rating Risk Response Risk Risk Risk Description Risk Category Probability Impact Score Severity Ranking Risk Strategy Risk Response Risk Ovner Limit exceeds 10000 0.9 0.5 Cost 0.45 1 Mitigate Arrange Loan or borrow from friend Family Members 1 week limit exceeds 3000 1* Cost 0.5 0.9 0.45 2 Mitigate Cut on expenses Family Members 24 week limit exceeds 7000 Cost 0.5 0.9 0.45 3 Mitigate Cut on expenses Family Members Car not allowed to park at airport for 2 weeks 2 Cost 0.2 0.4 0.08 4 4 Mitigate Look for altermate parking lots Family Members Non-refundable tickets - Cost 0.5 0.6 0.3 5 Accept Accept Family Members What if flight delayed Schedule 0.3 0.8 0.24 6 Mitigate Check the history of operators and then book Family Members What if full sized car not available 0.3 0.2 0.06 Cost 7 Mitigate Look for altermate Family Members Luggage more than expected Cost 0.2 0.3 0.06 8 Exploit Pack only needed things Family Members Preferred hotel suite not available Cost 0.6 0.8 0.48 9 Avoid Look for other hotels Family Members Regular meals not available at 3 times Cost 0.5 0.7 0.35 10 Mitigate Search for eateries before going Family Members If still any family member gets sick 0.3 0.9 Cost 0.27 11 Avoid Arrange doctor and take precautions Family Members Schedule is changed Schedule 0.1 0.4 0.04 12 Mitigate Plan B should be ready Family Members Not allowed in theme parks for 10 days 0.2 0.2 Schedule 0.04 13 Passive Mitigation Look for other places with same expenses Family Members Family losses interest in theme park 0.1 Schedule 0.1 0.01 14 Mitigate Look for other places with same expenses Family Members Gifts not available in $30 Cost 0.4 0.5 0.2 15 Mitigate Look at other places Family Members Family friends still not happy Cost 0.8 0.1 0.08 16 Accept Accept Family Members Lost cash Cost 0.3 0.8 0.24 17 Accept Accept Family Members Lost cheques Cost 0.3 0.8 0.24 18 Mitigate Keep cheques at different places Family Members Severe risks Cost 0.5 0.9 0.45 19 Contingent Use contingency Family Members Accident Cost 0.2 0.9 0.18 20 Transfer Take insurance Family Members Share rid to airport w/other family 0.2 Opportunity 0.9 0.18 Share Cutting down costs while getting to the airport Family Members Key Terms Risk: The risk stated in a complete sentence which states the cause of the risk, the risk, and the effect that the risk causes to the project. 10 $ 1 opp 40 r-7 m IH Type here to search O ,C w 16C Partly sunny ENG 10:28 AM 3/19/22 mod9ex Florida Family Trip - Risk Register Exercise - Protected View . Saved to this PC Search (Alt+Q) Gaganpreet kaur. GK File Home Insert Draw Design Layout References Mailings Review View Help Acrobat Comments Share AutoSave Off H > i PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing What if full sized car not available Cost 0.3 0.2 0.06 7 Mitigate Look for altermate Luggage more than expected 0.2 Cost 0.3 0.06 8 Exploit Pack only needed things Preferred hotel suite not available Cost 0.6 0.8 0.48 9 Avoid Look for other hotels Regular meals not available at 3 times 0.5 0.7 Cost 0.35 10 Mitigate Search for eateries before going If still any family member gets sick Cost 0.3 0.9 0.27 11 Avoid Arrange doctor and take precautions Schedule is changed 0.1 Schedule 0.4 0.04 12 Mitigate Plan B should be ready Not allowed in theme parks for 10 days Schedule 0.2 0.2 0.04 13 Passive Mitigation Look for other places with same expenses Family losses interest in theme park Schedule 0.1 0.1 0.01 14 Mitigate Look for other places with same expenses Gifts not available in $30 Cost 0.4 0.5 0.2 15 Mitigate Look at other places Family friends still not happy Cost 0.8 0.1 0.08 16 Accept Accept Lost cash Cost 0.3 0.8 0.24 17 Accept Accept Lost cheques Cost 0.3 0.8 0.24 18 Mitigate Keep cheques at different places Severe risks Cost 0.5 0.9 0.45 19 Contingent Use contingency Accident Cost 0.2 0.9 0.18 20 Transfer Take insurance Share rid to airport w/other family Opportunity 0.2 0.9 0.18 Share Cutting down costs while getting to the airport Key Terms Risk: The risk stated in a complete sentence which states the cause of the risk, the risk, and the effect that the risk causes to the project. Risk Category: Categorization of risks by area of project affected, source of risk or other useful category. 10 10 Probability: The likelihood that a risk or opportunity will occur (on a scale from 0 to 10 with 10 being the highest). Impact: The impact of the risk on the project if the risk ocours (scale from 0 to 10 with 10 being the highest). 5 Risk Score: Determined by multiplying probability and impact (scale from 0 to 100). Risk Ranking: A priority list which is determined by the relative ranking of the risks (by their scores) within the project with the number one being the highest risk score. Risk Response: The action which is to be taken if this risk occurs. 1 1 Risk Ovner: The person who is asked to explain the risks to the owners. Low 1 1 Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members 1 opp 50 100 25 50 5 10 Med 5 5 Probability High 10 Submit your answers and explanations by the agreed deadline on the day of class in the appropriate DC Connect folder. r-1 H Type here to search ir a w 16C Partly sunny AG ENG 10:28 AM 3/19/22 mod9ex Florida Family Trip - Risk Register Exercise - Protected ViewSaved to this PC- - Search (Alt+Q) Gaganpreet kaur. GK File Home Insert Draw Design Layout References Mailings Review View Help Acrobat Comments Share AutoSave Of H O PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Exercise # 9 - Risk Register Review Risk Identification Family Trip to Florida Risk Response Qualitative Rating Risk Impact Score Severity 0.9 0.45 Risk Category Risk a Risk Description Limit exceeds 10000 Probability 0.5 Cost Family Cost 0.5 0.9 0.45 Cost 0.5 0.9 0.45 Family Family Family I Family 0.2 Cost 0.4 0.08 Cost 0.5 0.6 0.3 0.3 0.8 0.24 Schedule Family Cost 0.3 0.2 0.06 Family Cost 0.2 0.3 0.06 Family Cost 0.6 0.8 0.48 1 week limit exceeds 3000 2 week limit exceeds 7000 Car not allowed to park at airport for 2 weeks Non-refundable tickets What if flight delayed What if full sized car not available Luggage more than expected Preferred hotel suite not available Regular meals not available at 3 times If still any family member gets sick Schedule is changed Not allowed in theme parks for 10 days Family losses interest in theme park Gifts not available in $30 Family friends still not happy Lost cash Cost 0.5 0.7 Risk Ranking Risk Strategy 1 Mitigate 2 Mitigate 3 Mitigate 4 Mitigate 5 Accept 6 Mitigate 7 7 Mitigate 8 Exploit 9 Avoid 10 Mitigate 11 Avoid 12 Mitigate 13 Passive Mitigation 14 Mitigate 15 Mitigate 16 Accept 17 Accept 18 Mitigate 19 Contingent 20 Transfer 0.35 Risk Response Arrange Loan or borrow from friend Cut on expenses Cut on expenses Look for altermate parking lots Accept Check the history of operators and then book Look for altermate Pack only needed things Look for other hotels Search for eateries before going Arrange doctor and take precautions Plan B should be ready B Look for other places with same expenses Look for other places with same expenses Look at other places Accept Accept Keep cheques at different places Use contingency Take insurance Cutting down costs while getting to the airport Cost 0.9 Family! Family Family Family 0.3 0.27 Schedule 0.1 0.4 0.04 0.2 0.2 Schedule 0.04 Family Schedule 0.1 0.1 0.01 Cost 0.4 0.5 0.2 Cost 0.8 0.1 0.08 Family Family Family Family Family Cost 0.3 0.8 0.24 Lost cheques 0.3 Cost 0.24 0.8 0.9 Severe risks Cost 0.5 0.45 Family Accident Cost 0.2 0.9 0.18 Family Share rid to airport w/other family Opportunity 0.2 0.9 0.18 1 opp Share Family Key Terms P-7 m H Type here to search O e w 16C Partly sunny ^ ENG 10:29 AM 3/19/22 mod9ex Florida Family Trip - Risk Register Exercise - Protected View . Saved to this PC Search (Alt+Q) Gaganpreet kaur. GK File Home Insert Draw Design Layout References Mailings Review View Help Acrobat Comments Share AutoSave Of H Mitigate O PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Preferred hotel suite not available Cost 0.6 0.8 0.48 9 Avoid Look for other hotels Regular meals not available at 3 times 0.5 0.7 Cost 0.35 10 Search for eateries before going If still any family member gets sick Cost 0.3 0.9 0.27 11 Avoid Arrange doctor and take precautions Schedule is changed Schedule 0.1 0.4 0.04 12 Mitigate Plan B should be ready Not allowed in theme parks for 10 days 0.2 0.2 Schedule 0.04 13 Passive Mitigation Look for other places with same expenses Family losses interest in theme park 0.1 Schedule 0.1 0.01 14 Mitigate Look for other places with same expenses Gifts not available in $30 0.4 Cost 0.5 0.2 15 Mitigate Look at other places Family friends still not happy 0.8 0.1 0.08 16 Cost Accept Accept Lost cash 0.3 0.8 Cost 0.24 17 Accept Accept Lost cheques 0.3 Cost 0.8 0.24 18 Mitigate Keep cheques at different places Severe risks Cost 0.5 0.9 0.45 19 Contingent Use contingency Accident 0.2 0.9 0.18 20 Cost Transfer Take insurance Share rid to airport w/other family 0.2 0.9 0.18 Opportunity 1 opp Share Cutting down costs while getting to the airport Key Terms Risk: The risk stated in a complete sentence which states the cause of the risk, the risk, and the effect that the risk causes to the project. Risk Category: Categorization of risks by area of project affected, source of risk or other useful category. 10 10 Probability: The likelihood that a risk or opportunity will occur (on a scale from 0 to 10 with 10 being the highest). Impact: The impact of the risk on the project if the risk ocours (scale from 0 to 10 with 10 being the highest). 5 5 Risk Score: Determined by multiplying probability and impact (scale from 0 to 100). Risk Ranking: A priority list which is determined by the relative ranking of the risks (by their scores) within the project with the number one being the highest risk score. Risk Response: The action which is to be taken if this risk ocours. 13 1 Risk Owner: The person who is asked to explain the risks to the owners. 1 Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members Family Members 50 100 25 50 5 10 Low Med 5 Probability High 10 Submit your answers and explanations by the agreed deadline on the day of class in the appropriate DC Connect folder. -7 IH Type here to search O e g w 16C Partly sunny A ENG 10:29 AM 3/19/22