We know that schedule scope and resource risks are the most common in any project. Take a few moments to ponder this project. Can you identify five risks for each category?

Project: You're in charge of this year's annual neighborhood block party for two streets (Elm and Cypress). Each year, this one-day event includes food, music, and some games for the kids. The local police crime prevention unit has agreed to set up a booth to fingerprint kids up to age ten. You've even been approached by some of the local restaurants to set up tasting booths.

You must include the following items:

Identify at least 5 schedule risks associated with this project. Schedule risks are those related to activity dependencies or schedule logic.

Identify at least 5 scope risks associated with this project. Scope management identifies project boundaries and scope risks threaten those boundaries.

Identify at least 5 resource risks associated with this project. Resources are internal to your project and may be people, equipment, or materials.

Risk statement formats (see example in rubric) are used for each identified risk.

For each risk, estimate the probability on a 4-point scale where 1 = very unlikely to occur and 4 = extremely likely to occur.

For each risk, estimate the impact if it occurs on a 4-point scale where 1 = extremely low impact and 4 = extremely high impact.

1. Calculate a risk score for each risk.

List the risks by category in a Word document for submission. Legitimate (valid) risks must be identified in the form of a risk statement.

Each risk statement must include the item that the risk relates to, the potential impact of the risk on that item. Example: There may be low turnout (impact) if this event (Item) is scheduled at the same time as a competing event.

Answer rating: 100% (QA)

Schedule Risks Risk Delays in obtaining necessary permits for the event Impact High impact could potentially lead to postponement or cancellation of t... View the full answer