Question
Company X has held a New Years Employee Party for as long as the company has been in existence. This year has been good, and
Company X has held a New Years Employee Party for as long as the company has been in existence. This year has been good, and we wanted to ensure that we get as many employees to the party as possible. It was decided to use one of the team members from the project office as our risk officer for this event. To keep on top of the risks for the event, the risk officer has performed risk identification already and using the provided risk register has completed as much of the register as he/she can at this point. review the following risk register and list of corrections which includes several discrepancies. Please list at least 18 errors and explain why you believe the information is incorrect. So that you know, there are at least 18 things that are not correct with this register. Please DO NOT concentrate on risk response strategies and their plans as most of them except for one are already pretty good. Look for obvious mistakes.
*PLEASE LIST AND EXPLAIN EACH ERROR PROPERLY*.
Key Terms Risk Ranking: A priority list which is determined by the relative ranking of the risks (by their scores) within the project with the number one beit Risk: The risk stated in a complete sentence which states the cause of the risk, the risk, and the effect that the Risk Categorg: Categorization of risks by ares of project affected, source of risk or other useful category. Probability: The likelihood that a risk or opportunity will oceur (on a scale from 0 to 3 with 3 being the highest). Impact: The impact of the risk on the project if the risk occurs (sesle from 0 to 3 with 3 being the highest). Risk Score: Determined by multiplying probability and impact (soale from 0 to 3 ). Risk Response: The sction which is to be taken if this risk occurs. Trigger: Something which indiostes thst a risk is sbout to ocour or has alresdy ocouredStep by Step Solution
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