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 thenegative impactscore 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 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

TheRisk Response Dataelement 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).

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.

Each entry should reflect the following example:

Risk 1 Human Resources Probability: 0.3 Impact: 0.4

Number each risk sequentially (e.g., Risk 1, Risk 2, Risk 3).

Probability-Impact Risk Scores (place your entries below this header).

STEP 2

Use the Probability-Impact Scoring Scheme (Double Probability-Impact Matrix) to determine thenegative impactscore (threats)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. Rank your threats from the most threatening to the least threatening).

\fAdequate funding will be secured to complete the project on time and within budget. Approvals from local authorities and regulatory bodies will be obtained within the projected timeframe. The technology used in the baggage handling system will be reliable and efficient. The project team will have the necessary skills and expertise to successfully complete the project. The project schedule will be met and no significant delays will occun false? (Yes/No) Yes Yes Yes No Yes project? (Yes/No) Yes Yes No Yes Yes rlsk? Yes Yes No Yes Yes The necessary equipment and materials will be available and delivered on time. The project will receive strong support from stakeholders and the community. There will be no significant changes to the project scope. The project will comply with all applicable laws and regulations. The project will receive adequate resources, including staff and equipment, to ensure successful completion. No No Yes Yes No Yes No Yes Yes Yes Yes No Yes Yes No