Overview: This lab is an extension of your Beep lab assignment where you will now explore Risk Management with Microsoft Project. You will have made any corrections based on my earlier feedback.

Preparation Steps:

A$.$ Review the Lecture and pdf handout "Lecture$-$Microsoft Project Risk Register".

B$.$ Using your latest Beep Microsoft Project file create a realistic Risk Register that will present the following categories and output:

Risk $-$ Provide a corresponding risk for each Work Package or task line item $($minimum of $20).$

Probability $-$ Create a drop$-$down lookup table $(1-5)$ as demonstrated in the lecture.

Impact $-$ Determine $($best guess$)$ the impact of this risk on your project.

Risk Level $-$ Calculate the risk for each task using the formula Probability$*$Impact$.$

Position the items noted above next to the Work Packages of your project so$,$ upon opening Microsoft Project I will be able to immediately view your results.