Question: Project risk management My R&R intranet project 3. Students plot the six risks on a probability/impact matrix using the template attached. Also assign a numeric

Project risk management

My R&R intranet project

3. Students plot the six risks on a probability/impact matrix using the template attached. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 representing the lowest values. For a simple risk factor calculation, multiply the probability score and the impact score. Add a column called Risk Score to your risk register to the right of the impact column. Enter the new data in the risk register. Copy your impact matrix and new risk register to a word document and write your rationale for how you determined the scores for one of the negative risks and one of the positive risks.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!