This week’s exercise will be to create a Risk Register for the Week 2 Business Case that you have utilized throughout the semester. Additional instructions are in the Word template.
You will complete the attached Risk Register in the Word template provided. A risk needs to be identified for each of your six (6) Key Deliverables (this would be listed under the Deliverable column). An example of the Risk Register is available in Exhibit 11.9 on page 370 of the textbook.
The following is a description of what should go under each column.
Risk Description: Identify the Risk associated with the Deliverable. These should not be failures of management, planning or execution. These should be out of the control of the project team.
Impact Statement: This is a narrative of potential impact if the risk should occur. This statement should specifically justify scores provided in Impact and Probability columns.
Deliverable: This will be the associated Deliverable. Identify one risk for each of your six (6) deliverables.
Probability: This is a score of 1-5. A score of 1 would be if the probability of the risk occurring is very slight and a score of 5 is that it will almost likely occur.
Impact: This is a score of 1-5. A score of 1 would be the impact would have little impact if the risk occurs and a score of 5 would be catastrophic impact if risk event occurs.
Score: This is the Probability multiplied by the Impact.
Response Strategy/Solution: This should identify one of the risk response strategies from the textbook. Then provide a brief plan on how respond to risk if it should occur. This must include direct correlation to the scores assigned to Probability/Impact. At least one risk response strategy needs to be identified for each and make logical sense. For example, you cannot Avoid a natural disaster so you would not select Avoid as the risk response strategy.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more