Project Management; The Managerial Process (2021) Gray/Larson

Review the Risk Management Process (Figure 7.2) on page 216. Watch this short video clip considering the negative risks associated with this project:

The Exploding Whale (2:35) The Exploding Whale(Links to an external site.)Review the Risk Management Process (Figure 7.2) on page 216. Watch this short video clip considering the negative risks associated with this project:

The Exploding Whale (2:35) The Exploding Whale(Links to an external site.)

Provide your assessment:

1. Document a problem statement for the project including the nature of the problem, its location, timing and magnitude.
2. Assess at least five risks in terms of severity of impact, likelihood of occurring and controllability. Using the scale in Figure 7.5, create a chart following the format of the Risk Assessment Form in Figure 7.6 on page 221.
3. Document the response to the risks using the format of the Risk Response Matrix, Figure 7.8 on page 227, stating the response, contingency plan, trigger and role of the project team member responsible.

Provide your assessment:

1. Document a problem statement for the project including the nature of the problem, its location, timing and magnitude.
2. Assess at least five risks in terms of severity of impact, likelihood of occurring and controllability. Using the scale in Figure 7.5, create a chart following the format of the Risk Assessment Form in Figure 7.6 on page 221.
3. Document the response to the risks using the format of the Risk Response Matrix, Figure 7.8 on page 227, stating the response, contingency plan, trigger and role of the project team member responsible.