Your task is to read through this prompt carefully and identify potential risks hidden within the project details.

Objectives

Identify potential risks in the project based on the information provided in the prompt.

Assess the impact and likelihood of each identified risk.

Develop and propose contingency plans for the top three risks.

Instructions

Read the Project Overview Prompt: Begin by thoroughly reading the provided project overview. Pay close attention to details that might hint at potential risks.

Identify Potential Risks: Based on your understanding from today's lecture, identify various risks that could affect the project. These risks could be related to technology, budget, personnel, client requirements, or external factors.

Assess Impact and Likelihood: For each identified risk, evaluate its potential impact on the project and the likelihood of its occurrence. Use the concepts of risk probability and impact that we discussed in class.

Top Three Risks: Select the three risks that you believe are the most critical for the project. These should be risks that have either a high likelihood of occurring, a high impact, or both.

Develop Contingency Plans: For each of the top three risks, develop a detailed contingency plan. This plan should include:

The triggers that would activate the contingency plan.

Specific response strategies to address the risk.

Resources required to implement the plan.

Communication protocols to be followed.

Document Your Findings: Prepare a report documenting your risk assessment process. The report should include:

A list of all identified risks with brief descriptions.

Your assessment of the impact and likelihood of these risks.

Detailed contingency plans for the top three risks.