Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Task 1: Risk Identification I. Based on the information provided in the case study and/or the supporting organization chart and WBS, identify and describe three

image text in transcribed
image text in transcribed
Task 1: Risk Identification I. Based on the information provided in the case study and/or the supporting organization chart and WBS, identify and describe three significant risks associated with this project. Define the risk and why you believe each risk has potential to occur. Also, make sure to list any assumptions related to your chosen risks (Risk identification is worth 30% of total mark for this assignment) Il. Determine the risk priority for each of the three risks you have identified using (Risk priority is worth 40% of total mark for this assignment): . Risk Probability Matrix (make whatever assumptions that are required to complete this task). Focus on risks that you believe to have a moderate or high probability of occurring. Risk Impact Assessment Matrix to indicate how each of your identified risks would impact the project's cost, time, scope and/or quality (make whatever assumptions that you require to complete this task). In addition to identifying the risk impact (L, M,H) you need to provide an explanation as to support your risk impact assessment. Identify the relative priority of each of your identified risks using a Risk Priority Matrix

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Research Methods

Authors: Emma Bell, Bill Harley, Alan Bryman

5th Edition

0198809875, 9780198809876

More Books

Students also viewed these General Management questions