| Project X Risk Register |
| Positive Risk Response Options | Exploit | Share | Enhance | Accept | Risk | Something which has not happened, but might |
| Negative Risk Response Options | Avoid | Transfer | Mitigate | Accept | Issue | Something which has already happened |
| Alternate Response Options | Contingency | No longer active |
| Risk ID | Description | Risk Owner | Risk Trigger | Risk Category | Probability (1-3) | Impact (1-3) | PI Score | Expected Result, No Action | Risk Response Type | Response Trigger | Response Owner | Response Description | Expected Impact of Response |
| Description of the risk | Name of person who monitors the risk | How you know the risk is becoming an issue or has reached a point that requires action. | Group defines the types of risks (technology, financial, staffing, etc.) | Group sourced rough estimate of how likely this is to occur | Group sourced rough estimate of how significant the impact of this risk will be if/when it becomes an issue | Probability multiplied by Impact | What will happen if the risk becomes an issue and no action is taken | Decision made by group on how to respond to this risk (see above in blue) | How do you know it is time to put the response into play | Who is responsible for initiating the response | What is the response | What do you expect will result from the response |
| EXAMPLE | There is a chance that the project cost will exceed the amount that the company has budged for the work. | Joe Agileguy | If the expected work remaining will cost more than $9,000 over budget we will need to seek additional funding from management. | Financial | 2 | 3 | 6 | We will not be able to secure funding necessary to complete the project. Work may stop before MVP has been achieved. Product may never get to market and be deemed a total failure. | Mitigate | When estimated cost for MVP is within 5K of approved project total we will begin seeking additional funding. | Jimmy Kanban | Meet with key stakeholders to review finished product, total spend to date, work remaining and expected total spend. Ask for additional funding to complete work. | Given that our team has a mostly stable velocity, a proven ability to meet commitments and deliver value, we expect the answer to be yes provided the total amount requests is less than $25K. |
gd1222
DHA-7010_Week4_Assignment_Excel.xlsx
