Scheduling conflicts

Pandemic shut-downs

Supply chain delays

Customer Interest in Product

Regulatory Approval

1. Explain how these risks might affect project schedule and/or cost.

2. Explain whether modeling (Perform Quantitative Risk Analysis process) will be needed for some of your risks and, if so, why; if not, how did you gauge the effect of those risks?

3. Indicate how you might respond to each risk, why that response is the most appropriate, and argue why the benefits of the response outweigh the costs associated with the response.

4. Briefly explain how you would use #1, 2, and 3 above to present a balanced and well-informed picture of the project schedule and cost at an upcoming meeting with your sponsor and senior executives. Assuming you have only five minutes to make your presentation, think in terms of a few (two to three) charts you could present to capture your story. (You can either include sample charts or briefly describe them.) The better you can anticipate your audience's questions and even their possible resistance and pushback, the better your write-up will be.