5-2 Activity: Risk Register

QSO 349 Module Five Activity Guidelines and Rubric There are four activity assignments in this course that provide practice in developing key components of successful procurement planning and management. The fourth activity is the preparation of a risk register or log. Develop a five-column risk register for the case study that you selected for your final project in the style of Figure 7-9 in the textbook. In your submission, identify possible risks and, for each, the probability of occurrence, impact, response, and assignment of responsibility to prevent or mitigate the risk. In two to three paragraphs, summarize the significance of a risk register for a successful procurement. Guidelines for Submission: The risk register should be a one- to two-page Microsoft Word document, including diagrams or spreadsheets as appropriate, with double spacing, 12-point Times New Roman font, and one-inch margins.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value

Risk Identification Identifies and prioritizes possible risks for the procurement case study

Identifies possible risks for the procurement case study; however, risks are not clearly prioritized

Does not identify possible risks for the procurement case study

15

Probability of Risk Occurrence

Indicates the probability of occurrence for each risk identified

Indicates the probability of occurrence for each risk identified, but the basis for assigning probabilities is not explained

Does not indicate the probability of occurrence for each risk identified

15

Potential Impact of Risk Indicates the potential impact of each risk identified

Indicates the potential impact of some, but not all, of the identified risks, or the level of impact for some risks is not appropriate

Does not indicate the potential impact of any identified risks

15

Risk Response States an appropriate response for each risk identified

States responses for the risks identified; however, responses are generic, vague, or illogical

Does not state an appropriate response for each risk identified

15

Risk Responsibility Assigns the responsibility to prevent or mitigate the risk to a specific person or role

Assigns the responsibility to prevent or mitigate most but not all of the identified risks to a specific person or role, or the assignments are not appropriate

Does not assign the responsibility to prevent or mitigate any of the identified risks to a specific person or role

15

Significance of Risk Register Describes the significance of a risk register to project success

Describes the significance of a risk register to project success; however, description is incomplete or unclear

Does not describe the significance of a risk register to project success

15

Articulation of Response Submission has no major errors related to spelling, syntax, or organization

Submission has major errors related to spelling, syntax, or organization that negatively impact readability

Submission has critical errors related to spelling, syntax, or organization that prevent understanding

10

Earned Total 100%