Performance Criteria

P.C. 1.4

Support and mentor project managers in the analysis, evaluation and treatment of risks

Scenario:

Sam is the manager of the Trex cycling company. He recently held a meeting with a number of company stakeholders and identified the possibility of acquiring a line of Caltec mountain bikes for sale in the Trex cycling shops. He is aware that there are a number of risks associated with the acquisition which will need to be addressed in collaboration with the project managers.

Question 1

Identify three (3) steps that Sam might take as part of the risk analysis process.

Question 2

Simply develop the process of evaluating program risks which Sam might follow.

Question 3

Identify and provide details of four (4) risk treatment options which Sam might consider.