Use the Risk Register Template spreadsheet to complete your assignment.

• Identify and analyze your project risks.
• Plan and implement risk responses.
• Monitor the project risks.

Instructions

1. Review the Week 6 Getta Byte Software Risk Management video located in the Week 6 Lesson; the video provides examples of 3 negative risks.
2. Apply the risk management process learned in the Week 6 reading assignments (i.e., Chapter 11 of the Contemporary Project Management textbook and Part 1 Section 11 of the PMBOK Guide. to identify, assess, and plan risk responses for five positive and five negative risks other than the examples provided in the video using the Risk Register Template located in the Project Templates section below.
   1. For the risk identification process, be sure to assess the following process inputs: 1) Internal and external enterprise environmental factors and 2) the organizational process assets. Next, proceed to complete the following identification columns in the Risk Register Template.
      • Category
      • Risk Name
      • Risk Description
      • Risk Owner
      • Reason/Root Cause
      • Effect/Impact on Project Objectives
   2. For the assessment process complete the following columns.
      • Probability of occurrence
      • Impact/Cost
      • Impact/Time
      • Impact/Quality
      • Risk Score (i.e., probability times impact)
   3. For the Plan Risk Response process complete the following columns.
      • Risk Response Strategy
      • Cost

Note: The risks identified in the Week 6 Getta Byte project video are negative risk examples.

Template:

Getta Byte SoftwareRisk Management

Ima: We need a risk management plan for our project. We are meeting to brainstorm what the risks could be.

Kent: I don't like talking about risks. It makes them come true.

Ima: No, it doesn't. It helps us decide what to do if something goes wrong.

Nonia: Network capacity could be a problem during data transfer.

Ima: Great start! Let me get it into the risk register.

ID: 1, Risk: Network Capacity, Description: Failure during upload, Owner: Network Services

ID: 2, Risk: Data errors, Description: Field mapping errors, Owner: Architect-Hugh Duitt

ID: 3, Risk: Customer data integrity, Description: Data mismatches or data errors, Owner: Specialist-Nonia Bizness

Ima: Let's think about a possible response to avoid, mitigate, transfer, or accept these risks.

Network Capacity - Conduct network assessment and troubleshoot prior to migration

Data errors - Test mapping on data sample

Customer data integrity - Validate data on data sample

Ima: We still need to do qualitative analysis to decide probability and impact.

Hugh: Not today... my brain hurts!

The End

Conclusion

• Describe how the student applied theoretical and technical knowledge of the project management discipline to manage the course project successfully.
• Conduct a short self evaluation on how successfully the project management concepts, techniques, and skills have been applied to the course project.