Risk Assessment

Demonstrate your understanding of the topics in this section by creating a matrix and executive summary that describes the risks for your project. You may produce your work in plain text or using any application or combination of applications that you are comfortable with (text publishing program, spreadsheet, presentation publishing program, and so on).

See the Project page for a full description of the project for this course. (The Project page is accessible from any page within this course by clicking on the Project tab in the top navigation bar.)

Procedure

1. Identify a project that you worked with in a previous module.
2. Make a list of risk events for that project. Include the sources of those risks. Remember to consider opportunities to pursue or ignore, and threats to avoid or ignore.
3. Develop a Risk Assessment Matrix, placing the risks you identified in Step 2 in the appropriate grid cell.
4. Determine which risk events require responses based on their impact to specific project aspects such as the project's expected monetary value, project quality, project schedule, and so on.
5. Prepare an executive summary of your risk assessment of up to 500 words, not including the matrix. In the summary, address the key points of your research.