Risk Management Planning

1. [5 marks total] Managing Risk

• [3 marks] Describe the general processes that should be followed in managing risks throughout a project.
• [2 marks] Be sure to include the general sequence in which these processes are carried out.

2. [20 marks (1 each)] Use the template and scale below to create risk register (with at least 20 risks) for a project to put humans on Mars

Risk Description	Impact Description	Impact Level	Probability Level	Priority Level	Mitigation Notes	Owner
Give a brief summary of the risk.	What will happen if the risk is not mitigated or eliminated?	Rate 1 (LOW) to 5 (HIGH)	Rate 1 (LOW) to 5 (HIGH)	(IMPACT X PROBABILITY) Address highest first.	What can be done to lower or eliminate the impact or probability?	Who's responsible?

Link to Risk Register Template

RISK REGISTER SCALE Un 10 15 20 25 4 4 8 12 16 20 PROBABILITY 3 6 9 12 15 2 2 4 6 8 10 2 3 4 5 2 3 4 5 IMPACT