Your Demolition/IT project includes various plans, one of which is the Risks Management Plan (RMP).

Identify at least 5 risks, the probability of occurrence, state the project impact, who is responsible/accountable for this risk, what is the solution/plan/remedy. Make a table to show all this

*This assignment is a groun effort. Include the names of all team members. If a member does not participate add did not participate in brackets. For example, Oksana Bunio (did not participate).

Identity the following and complete the template:

1. Five (5) risks.
2. State the project impact. What problems would be caused?
3. What is the probability of occurrence? What are the chances of it occurring?

1. What is the degree of impact? How much will this affect your project, to what degree?
2. What is the action trigger? What do you need to be aware of that can help you prepare for this risk?

1. Who is responsible accountable for this risk?
2. What is the solution remedv/response plan for each risk?
3. Make a Matrix table to show evervthing the five risks you come up with vour group. See the example below and create a table with rive risks that vou need to consider as Proiect Managers. Example:

Risk Event

Impact

Probabilitv

Degree

of

Occurrenc

mbact

e (Low, (Low, Medium, Medium High)

, High

Medium high

Contingenc

V Plan

Trigger

ResponsibilitRespons y Who IS

e Plan

responsible

Equipment malfunction

ncur

delavs and financia

Loss

Have

Equipmen

PM: Steve

replacementailure t ready.

Select reliable

venaor.

Have a valid

Warranty

Refer to the ppts on Risk Response Matrix in Chapter 7 for guidance. You can use the table provided as an example. Expand it to include 5 risks that should be considered for your project.

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