Choose a project with a relatively simple description (building a LAN, designing a web page, inventing a new communication device, etc.). Describe your project scope in a few sentences and then identify at least five significant varied risks associated with the project. Be sure that at least one of them is a positive risk.

Would each of these risks be considered major, moderate, or minor? What degree of likelihood and impact leads you to that assessment?

Would each risk be best addressed by risk avoidance, risk transfer, risk mitigation/reduction, risk sharing, or risk acceptance?