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Risk Management Planning 1. [5 marks total] Managing Risk [3 marks] Describe the general processes that should be followed in managing risks throughout a project.

Risk Management Planning

1. [5 marks total] Managing Risk

  • [3 marks] Describe the general processes that should be followed in managing risks throughout a project.
  • [2 marks] Be sure to include the general sequence in which these processes are carried out.

2. [20 marks (1 each)] Use the template and scale below to create risk register (with at least 20 risks) for a project to put humans on Mars

Risk DescriptionImpact DescriptionImpact LevelProbability LevelPriority LevelMitigation NotesOwner
Give a brief summary of the risk.What will happen if the risk is not mitigated or eliminated?

Rate

1 (LOW) to

5 (HIGH)

Rate

1 (LOW) to

5 (HIGH)

(IMPACT X PROBABILITY)

Address highest first.

What can be done to lower or eliminate the impact or probability?Who's responsible?

Link to Risk Register Template

image text in transcribed
RISK REGISTER SCALE Un 10 15 20 25 4 4 8 12 16 20 PROBABILITY 3 6 9 12 15 2 2 4 6 8 10 2 3 4 5 2 3 4 5 IMPACT

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