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Subject: Project ManagementCourse: 300: CPGMT

Risk Management

Objective

Identify risks of the sample project.

Instructions

We know that schedule scope and resource risks are the most common in any project. Take a few moments to ponder this project. Can you identify five risks for each category? Project: You're in charge of this year's annual neighborhood block party. Each year the block party includes food and some games for the kids. The local police crime prevention unit has agreed to set up a booth to fingerprint the kids. You've even been approached by a new local restaurant to set up a tasting booth. The folks on the next block over have suggested that you expand it to include their street as well. For this assignment, you must include the following items:

Identify at least five schedule risks associated with this project.

Identify at least five scope risks associated with this project.

Identify at least five resource risks associated with this project.

Risk statement formats (see example in rubric) are used for each identified risk.

For each risk, estimate the probability on a 4-point scale where 1 = very unlikely to occur and 4 = extremely likely to occur.

For each risk, estimate the impact if it occurs on a 4-point scale where 1 = extremely low impact and 4 = extremely high impact.

Calculate a risk score for each risk.