Part 8:

Project Risk Management

Because several problems have occurred on the Green Computing Research Project, as

described in the previous section, you decide to be more proactive in managing risks. You

also want to address positive and negative risks.

Tasks

1. Create a risk register for the project using the risk_register.xls template.

Identify six potential risks, including at least two positive risks.

2. Plot the six risks on a probability/impact matrix using the prob_impact_matrix.ppt

template. Print the matrix. Assign a numeric value for the probability of each risk

occurring and its impact on meeting the main project objectives. Use a scale of

1 to 10 to assign the values, with 10 being the highest. For a simple risk factor

calculation, multiply the probability score by the impact score. Document the

results in a one-page paper; include your rationale for how you determined the

scores for one of the negative risks and one of the positive risks.

3. Develop a response strategy for one of the negative risks and one of the

positive risks. Enter the information in the risk register and then print the

complete risk register. Also, write a one-page paper describing the specific

tasks needed to implement these two strategies. Include time and cost

estimates for each strategy.