This assignment requires students to create a narration about risk management for a hypothetical musical concert project at Big Island Hotel.

Students must use the risk register( Risk, Probability, Severity, Impact, Mitigation plan) selecting one risk to discuss.

The narration must include an overview of the project context, the purpose and benefits of a risk register, the use of an impact table, and a heat map to determine risk priority.

It must be professionally presented and unique using APA style. Use the risk register, impact table, and heat map.

Select 1 (and only 1) risk to discuss.

It is acceptable to show all 3 risks if necessary.

3. Include these topics and ensure the minimum requirements are met.

3.1. Brief overview of the project and project context including priorities (see Larson section 4.2 Establishing Project Priorities. Enhance by discussing the type of project (operational/tactical/strategic), baseline/budget and/or risk reserve.

3.2. Purpose and benefits of a risk register. Identify the risk threat and review the risk statement. Enhance by reviewing the associated risk costs and any other relevant information.

3.3. Demonstrate how the impact table was used to determine the risk impact. Enhance by discussing how the impact table can be tailored to reflect the project context and/or priorities.

3.4. Demonstrate how the heat map was used to determine the risk priority.

4. Title page, table of contents and references (cite assignment 2 as applicable and all other sources where appropriate). Perform a spelling and grammar check and use proper project management terms (i.e. risk). Perform a final format check, make this look professional.

Use this format to answer the questions.

Project overview

About the project (minimum requirement)

Project priorities (minimum requirement)

Type of project (enhance)

Risk Management

Purpose of the risk register (minimum requirement)

Review the risk statement, give background (minimum)

Include additional insights such as the costs associated with the risk (enhance)

Impact Table

Include the impact table (minimum requirement)

Explain or demonstrate how to use the table (minimum requirement)

Describe how the table values link to the project context (enhance)

Heat map

Include the Heat Map (minimum requirement)

Explain or demonstrate how to use the table (minimum requirement)

References

At minimum Larson needs to be referenced