04 Jul Identifying & Analyzing Project Risks
For this assignment, you will use what you identified as your approach in this week’s Discussion Board to identify and assess all of the risks that are associated with your project. You should identify a minimum of 8 risks then assess them by employing the techniques that you selected in the Discussion Board assignment.
For the compilation of your risk assessment component, you may use a table similar to the following:
Note: This is just a sample, and you may choose to represent it in a different format as long as you have all of the pertinent risk-related information, including the following:
- Risk name
- Risk description
- Likelihood (using a scale)
- Impact (use both as a scale and description)
Leave room to append more information later to show your mitigation strategy.
The following is an example of ranking the risks using a 2×2 risk matrix approach:
In this sample 2×2 ranking matrix, the risks that should receive the highest priority are the risks that are in quadrant 1, and the risks that will receive the least attention are in quadrant 4.
Deliverables:
The overall project deliverables are the following:
- Update the Key Assignment Document title page with a new date and project name.
- Update previously completed sections based on instructor feedback.
- Complete the New Content below, and copy it under the sections in Key Assignment Document called “Project Risks Identification” and “Project Risks Assessment”:
- New Content
- Project Risks Identification
- Use the project risk categories that you brainstormed during the previous week to categorize the risks that you have determined for this assignment.
- Show a list of stakeholders and project teams that you utilized to identify risks.
- Thoroughly describe each project risk (at least 8), which includes the source for identifying the risk.
- Identify and show the specific technique that you used to identify the risks, such as cause and effect, a fishbone diagram, a SWOT analysis, interview notes, and an assumption list.
- Project Risks Assessment
- Create a table similar to the sample above, or use another method to list the risk, the likelihood of occurrence, and the overall severity of impact if it occurs.
- Fill in the table with the information from the project identification utilizing the 2 scales that you determined as a part of your Discussion Board assignment. Be sure to consider both the cost and schedule impact as you determine the overall impact.
- Rank your risks based on both the likelihood and impact using a technique, such as 2×2 matrix as shown in the assignment description section.
- Project Risks Identification
- New Content
- Be sure to update your table of contents before submission.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.