Question: ( I have only 20 mins, please help)

Risk management is a very important component of managing projects. Looking at your group project,

a. Describe 5 major risks associated to your project.

b. Analyze and prioritize those 5 risks.

c. Provide us with risk mitigation strategies for each of the 5 risks.

Respon Descri Risk Level Probability Risk Level Response Stateme Probability Residual WBS Entry Residual ption Residual Strategy Impact Owner Status Impact Risk Risk # E Risk 4.1.2 There is not enough food Project Probable Moderate Medium Avoid Observe proper portioning and Unlikely Minor Low Open for everyone. manager/Logistics ensure participant accuracy to coordinator match supplies to participants. 2 5.2.2.1 Not enough Shareholders Probable Major Medium Transfer Recruit more sponsors and stretch Unlikely Minor Low Open funds/donations. funds for marketing for more advertising 3 5.2.2.1 Volunteers leaving the Project Unlikely Major Medium Mitigate Try to keep them entertained with Rare Minor Low Open project. coach/managers our project. Show them that what we are doing is helping or making a difference. 4 5.1.2 People stealing Security Likely Major High Transfer Have someone to watch the food Unlikely Moderate Medium Open food/taking too much Coordinator donation shelves from donation boxes 5 3.5.3 Food sfetey risk from Certified Food Probable Moderate Medium Mitigate Collaborate with alberta health to Unlikely Minor Low Open different weather. Food Handling get Food Handling Certification not being in the right members/Logistics temperatures. Coordinator 6 4.2 If the community Marketing Rare Extreme Medium Mitigate Advertise more to the community Rare Minor Low Open opposes or doubts the Coordinator and provide then information Food Donation Station needed. idea, it may impact its execution and support. 7 3.5.2 Lack of volunteers or Project Unlikely Minor Low Avoid Provide sufficient seminars and/or Rare Moderate Low Open staff therefore lack the manager/Marketing trainings for the roles necessary skills, which Coordinator may disrupt project operations. 8 4.1.3 Food Allergies or Dietary consumer Probable Moderate Medium Avoid Gather dietary data from Unlikely Minor Low Open Restrictions participants and verify that the available food choices align with their specific requirements