Question
For the below event, create Risk Register- Event - YI PENG LANTERN FESTIVAL - November 8-9, 2022 Location - Fayetteville, North Carolina (population - 211,000)
For the below event, create Risk Register-
Event - YI PENG LANTERN FESTIVAL - November 8-9, 2022
Location - Fayetteville, North Carolina (population - 211,000)
RISK REGISTER
Risk Description: Identify the Risk associated with the Deliverable. Risks need to be known unknowns and not failure of planning or management.
Impact Statement: This is a narrative of potential overall impact if the risk should occur. This statement should thoroughly justify scores provided in Impact and Probability columns.
Deliverable: This will be the associated Deliverable from your Project Scope/WBS. Identify one risk for each of your six (6) Deliverables.
Probability (Column P): This is a score of 1-5. A score of 1 would be if the probability of the risk occurring is very slight and a score of 5 is that it will almost definitely occur.
Impact (Column I): This is a score of 1-5. A score of 1 would be the impact would have little impact if the risk occurs and a score of 5 would be catastrophic impact if risk event occurs.
Score (Column X): This is the Probability multiplied by the Impact.
Risk Response Strategy: This should be a detailed explanation on how to respond to the risk event. This must include direct correlation to the scores assigned to Probability/Impact. You will identify at least one of the Risk Responses from the textbook to utilize and explain the strategy for using this Response.
Risk Description | Impact Statement | Deliverable | P | I | X | Risk Response Strategy | |
1 | |||||||
2 | |||||||
3 | |||||||
4 | |||||||
5 | |||||||
6 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started