Risk management has perhaps never been more important than it is now. The risks modern organizations face has grown more complex, fueled by the rapid pace of globalization. Describe in a short paragraph a project (either one you've participated in or researched) that has significant risks

1. What are the processes you will follow for the Risk Management of this project? 10 marks
2. Identify these risks and create a Risk Register table showing the mitigation for the project. 10 marks

   Risk management has perhaps never been more important than it is now. The risks modern organizations face has grown more complex, fueled by the rapid pace of globalization. Describe in a short paragraph a project (either one you've participated in or researched) that has significant risks

3. What are the processes you will follow for the Risk Management of this project? 10 marks
4. Identify these risks and create a Risk Register table showing the mitigation for the project. 10 marks

ID Date raised Risk description Likelihood Impact if of the risk the risk occuring occurs Severity Rating based on impact & likelihood. High Owner Person who will manage the risk Mitigating action Actions to mitigate the risk e.g. reduce the likelihood. 1 [enter date] High Project Project purpose and need is not well- Medium defined. Sponsor Complete a business case if not already provided and ensure purpose is well defined on Project Charter and PID. 2 [enter date] Low High High Project design and deliverable definition is incomplete. Project Sponsor Define the scope in detail via design workshops with input from subject matter experts 3 [enter date] Low Medium Medium Project schedule is not clearly defined or understood Project Manager Hold scheduling workshops with the project team so they understand the plan and likelihood fo missed tasks is reduced