Project Management Using the Risk Analysis Form (see attached), list at least 4 risks to your...
Project Management
Using the Risk Analysis Form (see attached), list at least 4 risks to your project
- Number the Impact and Occurrence
- Calculate the total Risk Number, then
- List ways you could manage these risks
The rating scale for Impact and Occurrence is 1-5 with 1 being low or almost none and 5 being high.
Risk Analysis Form
|
Risk |
Impact (1-5) |
Probability (1-5) |
Total |
Risk Management Actions |
Homework Answers
| Risk | impact | probability | Total | Risk management action |
| Cybersecurity | 4 | 3 | 7 | Ensure Firewalls and SSL 552 encryption with Cloud Computing features |
| Credit default | 5 | 1 | 6 | Ensure liquidity stimulus is subject to verification of buyer and complete due diligence and ethical audit |
| Market volatility | 5 | 5 | 10 | Ensure innovation, fast mover advantages, collaboration and consolidation to avoid competition and market related risks |
| Exchange rate fluctuations | 2 | 1 | 3 | Ensure hedging yearly to avoid sudden oscillating currency rates. |
Add Answer to:
Project Management
Using the Risk Analysis Form (see attached), list at least 4
risks to your...
A watch list is an output of which risk management process? Perform Quantitative Risk Analysis Implement...
A watch list is an output of which risk management process? Perform Quantitative Risk Analysis Implement Risk Responses Perform Qualitative Risk Analysis Plan Risk Responses A project has the following risks: 20 percent probability of a 14-day delay in the receipt of customer requirements; 10 percent probability of a 21 -day delay in the procurement process; 50 percent probability the integration will take 14 days longer than planned. What is the expected value of these events? 49 days Seven days...
B. Risk strategy C. Respanses to individual risks D. Risk categories. 192. The Perform Qualitative Risk Analysis process assesses the priority of identified risks using all af the following EXCEPT A....
B. Risk strategy C. Respanses to individual risks D. Risk categories. 192. The Perform Qualitative Risk Analysis process assesses the priority of identified risks using all af the following EXCEPT A. B. C. Relative probability or likelihoad of occurrence of identified risks. Impact an praject abjectives if the identified risks accur A mathematical technique, such as the expected monetary value (EMV), to create the impression of precision and accuracy. The organization's risk tolerance assaciated with the praject constraints of cast,...
it's Risk management subject 1. In the risk identification process, those involved should recognize that it...
it's Risk management subject
1. In the risk identification process, those involved should recognize that it is a misperception to think of a risk as a sudden event." Identifying an issue that is facing the organization and discussing it in advance can potentially lead to the risk being mitigated. Before considering some of the specific techniques available for organizations to identify risks, several important factors should be noted about this process; identify and explained the five (5) factors. (25 marks)...
Review each of the following scenarios and identify the risk events, the probability of those risks,...
Review each of the following scenarios and identify the risk events, the probability of those risks, and the impact of the risk events. Some scenarios may have more risks than others. Scenario Two A construction company has been awarded the contract to build a pipeline in Alaska. The project timeline is of the highest priority because work can only be completed during summer months due to adverse weather conditions. One of the suppliers of a key component has longer lead...
Qualitative risks are typically categorized by a group of experts to determine the probability and the...
Qualitative risks are typically categorized by a group of experts to determine the probability and the impact to project objectives. In the example below, consider the next steps that should be taken as project manager to assemble a group of experts to participate. Who would you select and why? Project Management Body of Knowledge (PMBOK) defines risks as “an uncertain event or condition, that if it occurs, has a positive or negative effect on one or more project objectives” (ProjectRiskCoach,...
Please see the risk analysis below, which statement is correct? RiskID Impact (1-10) Probability (%) Exposure...
Please see the risk analysis below, which statement is correct? RiskID Impact (1-10) Probability (%) Exposure (1-10) Rank Web1 8 40 DB1 5 35 Res1 3 40 Res2 9 10 DB2 3 5 Web2 1 99 Bus6 4 20 Bus7 7 60 Group of answer choices The 3 lowest ranked risks (from lowest to highest) are DB2, Res1, Bus6. As Res2 and Web1 have the same exposure, they should be ranked the same. Res2 refers to a human resourcing risk...
Q: Complete the following "Reason column" for your software engineering risk analysis project. Please Note that...
Q: Complete the following "Reason column" for your software engineering risk analysis project. Please Note that there is a sample for filling the reason column please see it. Risk Probability Effects Reason Organizational financial problems force reductions in the project budget (7). Low Catastrophic It is impossible to recruit staff with the skills required for the project (3). High Catastrophic Key staff are ill at critical times in the project (4). Moderate Serious Faults in reusable software components have to...
Project 1 Design, develop and document a risk management plan related to: the reduction of accidents,...
Project 1 Design, develop and document a risk management plan related to: the reduction of accidents, illness or incidents relating to worker or general public safety the prevention of operational discontinuity the need for new or innovative improvement/ changes in processes or procedures (and the associated risks) environmental impact issues—including resource use and management You might choose another risk area relevant to the organisation for which you work. If you do you will need to describe the organisation and the...
6. Within-firm risk and beta risk Understanding risks that affect projects and the impact of risk...
6. Within-firm risk and beta risk Understanding risks that affect projects and the impact of risk consideration Garcia Real Estate is involved in commercial real estate ventures throughout the United States. Some of these ventures are much riskier than other ventures because of market conditions in different regions of the country. If Garcia does not risk-adjust its discount rate for specific ventures properly, which of the following is likely to occur over time? Check all that apply The firm will...
Support your answer with a proper explanation. Problem 1: The following figure shows a probability-impact (or...
Support your answer
with a proper explanation.
Problem 1:
The following figure
shows a probability-impact (or risk mapping) matrix that is
frequently used as part of the risk analysis prioritization
process. Here, ordinal probability-of-occurrence and
consequence-of-occurrence risk scales are used (5, 4, 3, 2, 1
correspond to E, D, C, B, A since the actual scale coefficients are
unknown). In this figure, L represents a low risk, which would
generally be a risk acceptable to the project manager. The letter...
B. Risk strategy C. Respanses to individual risks D. Risk categories. 192. The Perform Qualitative Risk Analysis process assesses the priority of identified risks using all af the following EXCEPT A. B. C. Relative probability or likelihoad of occurrence of identified risks. Impact an praject abjectives if the identified risks accur A mathematical technique, such as the expected monetary value (EMV), to create the impression of precision and accuracy. The organization's risk tolerance assaciated with the praject constraints of cast,...
it's Risk management subject
1. In the risk identification process, those involved should recognize that it is a misperception to think of a risk as a sudden event." Identifying an issue that is facing the organization and discussing it in advance can potentially lead to the risk being mitigated. Before considering some of the specific techniques available for organizations to identify risks, several important factors should be noted about this process; identify and explained the five (5) factors. (25 marks)...
6. Within-firm risk and beta risk Understanding risks that affect projects and the impact of risk consideration Garcia Real Estate is involved in commercial real estate ventures throughout the United States. Some of these ventures are much riskier than other ventures because of market conditions in different regions of the country. If Garcia does not risk-adjust its discount rate for specific ventures properly, which of the following is likely to occur over time? Check all that apply The firm will...
Support your answer
with a proper explanation.
Problem 1:
The following figure
shows a probability-impact (or risk mapping) matrix that is
frequently used as part of the risk analysis prioritization
process. Here, ordinal probability-of-occurrence and
consequence-of-occurrence risk scales are used (5, 4, 3, 2, 1
correspond to E, D, C, B, A since the actual scale coefficients are
unknown). In this figure, L represents a low risk, which would
generally be a risk acceptable to the project manager. The letter...
Most questions answered within 3 hours.
-
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 56 seconds ago -
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 8 minutes ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 9 minutes ago -
assuming that the boric acid, h3po3 present at the end of the
borax tritation has a...
asked 8 minutes ago -
When a carbonate solution is acidified, carbon dioxide is
produced.
2H+(aq) + CO32-(aq) → H2O(l) +...
asked 48 minutes ago -
A reaction has the following rate law: Rate =
kr[A][B]2. In experiment 1, the
concentrations of...
asked 45 minutes ago -
king owns a large number of public pay phones. as rhe use of
payphones decline deamatically,...
asked 49 minutes ago -
3.7 - A book is sitting on a table. The mass of the book
is 1...
asked 1 hour ago -
Which term describes the process by which a single strand of DNA
serves as a template...
asked 1 hour ago -
LAB FOOD DRING
ANSWER THE QUESTIONS:
Q1. What value is the moisture content versus time and...
asked 1 hour ago -
You are told that an object has zero acceleration. Two forces on
the object are: F_1...
asked 1 hour ago -
The usual starting point for preparing a master budget is
forecasting or estimating:
Multiple Choice
Sales....
asked 1 hour ago