Question: Task 1: Risk Identification I. Based on the information provided in the case study and/or the supporting organization chart and WBS, identify and describe three


Task 1: Risk Identification I. Based on the information provided in the case study and/or the supporting organization chart and WBS, identify and describe three significant risks associated with this project. Define the risk and why you believe each risk has potential to occur. Also, make sure to list any assumptions related to your chosen risks (Risk identification is worth 30% of total mark for this assignment) Il. Determine the risk priority for each of the three risks you have identified using (Risk priority is worth 40% of total mark for this assignment): . Risk Probability Matrix (make whatever assumptions that are required to complete this task). Focus on risks that you believe to have a moderate or high probability of occurring. Risk Impact Assessment Matrix to indicate how each of your identified risks would impact the project's cost, time, scope and/or quality (make whatever assumptions that you require to complete this task). In addition to identifying the risk impact (L, M,H) you need to provide an explanation as to support your risk impact assessment. Identify the relative priority of each of your identified risks using a Risk Priority Matrix
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
