RANK PROBABILITY SCORE (P) IMPACT SCORE (I) Very Low (VLO) 0.1 0.05 Low (LO) 0.3 0.1 Medium (MED) 0.5 0.2 High (HI) 0.7 0.4 Very High (VHI) 0.9 0.8 Probability Threats Opportunities 0.90 0.05 0.09 0.18 0.36 0.72 0.72 0.36 0.18 0.09 0.05 0.70 0.04 0.07 0.14 0.28 0.56 0.56 0.28 0.14 0.07 0.04 0.50 0.03 0.05 0.10 0.20 0.40 0.40 0.20 0.10 0.05 0.03 0.30 0.02 0.03 0.06 0.12 0.24 0.24 0.12 0.06 0.03 0.02 0.10 0.01 0.01 0.02 0.04 0.08 0.08 0.04 0.02 0.01 0.01 0.05 0.10 0.20 0.40 0.80 0.80 0.40 0.20 0.10 0.05 Impact false? (Yes/No) project? (Yes/No) risk? Adequate funding will be secured to complete the project on Yes Yes Yes time and within budget. Approvals from local authorities and regulatory bodies will be obtained within the projected timeframe. Yes Yes Yes The technology used in the baggage handling system will be reliable and efficient. Yes No No The project team will have the necessary skills and expertise to successfully complete the project. No Yes Yes The project schedule will be met and no significant delays will Yes occur. Yes Yes The necessary equipment and materials will be available and No delivered on time. The project will receive strong support from stakeholders and No the community. Yes Yes There will be no significant changes to the project scope. Yes The project will comply with all applicable laws and regulations. Yes No Yes Yes The project will receive adequate resources, including staff and equipment, to ensure successful completion. No Yes No In Module 4, you completed an Assumptions and Constraints Analysis. You will utilize the items you identified as "Convert to a risk?" in the Module 4 assignment as the foundation for this assignment. Step 1: For each item identified as a risk on the Assumption and Constraints Analysis, you will conduct an assessment of probability and impact (p. 82). Based on your expertise as a project manager and aspiring risk management specialist, utilize the Probability Scoring Scheme to determine the Probability (01., 0.3, 0.5, 07., 0.9) and Impact (0.05, 0.1, 0.2, 0.4, 08) of each identified risk. Step 2: Use the Probability-Impact Scoring Scheme (Double Probability-Impact Matrix) to determine the negative impact score for each risk. For each risk, indicate the intersection score of the negative impact on the matrix. You will also include whether the risk is in the category of Green, Yellow, or Red. Step 3: The Module 4 assignment required the inclusion of the three Early Risk Analysis (DIA, p. 115). Select any of the three items in the Early Risk Analysis to complete a single entry in your Risk Register. The four significant areas of the Risk Register are: Header Information Risk Identification Data Risk Assessment Data Risk Response Data The Risk Response Data element is not required for this assignment. A template for this assignment is provided for you in the module. Utilize this template to complete the assignment. Elements of the assignment, where data is unavailable in the case, may be created at your discretion (e.g., Risk Identification Data > Unique Risk Identifier).