MC WK6 project

Q1: Identify at least 5 risks from the project you chose in week 2. Define each one below for each risks

a. Risk Name – a brief name of the risk

b. Risk Description – a short description of the risk

c. Category – what type or risk is it? Budget, Schedule, Resource, Other

d. Status – set to ‘Identified’

e. Likelihood – on a scale of 0-5 (reference the drop-down), what is the likelihood that this risk will occur.

f. Consequence - on a scale of 0-5 (reference the drop-down), what is the overall consequence to the project if this risk occurs

g. $ Impact if Risk Occurs – using a dollar value, what would be the financial impact if the risk occurred h. Trigger Event – what to watch for to know if this risk is starting to occur

i. Mitigation Plan – what are some steps you can do to help reduce the likelihood of the risk from occurring?

Risk 1:

Risk Name:

Risk Description:

Category:

Status:

Likelihood:

Consequence:

$ Impact if Risk Occurs:

Trigger Event:

Mitigation Plan:

Q2. Also identify at least 3 milestones in your project