week 6

Risk Register Exercise

This week's exercise will be to create a Risk Register for the Week 2 Business Case that you have utilized throughout the semester. Additional instructions are in the Word template.

You will complete the attached Risk Register in Excel. A risk needs to be identified for each of your six (6) Key Deliverables (this would be listed under the Category column). This needs to be a thorough, well thought out risk register which provides detailed thought and consideration. An example of the Risk Register is available in Exhibit 11.9 on page 370 of the textbook.

The following is a description of what should go under each column.

Risk Description: Identify the Risk associated with the Deliverable.

Impact: This is a narrative of potential impact if the risk should occur.

Category: This will be the associated Deliverable

Probability: This is a score of 1-5. A score of 1 would be if the probability of the risk occurring is very slight and a score of 5 is that is will almost likely occur.

Impact: This is a score of 1-5. A score of 1 would be the impact would have little impact if the risk occurs and a score of 5 would be catastrophic impact if risk event occurs.

Score: This is the Probability multiplied by the Impact.

Response Strategy/Solution: This should be a  detailed  plan on how to either limit the Probability of the risk event from occurring and/or a plan to reduce the Impact if it does occur. This must include direct correlation to the scores assigned to Probability/Impact. These should utilize and specifically identify the risk responses within the textbook.

Business Case

Walmart Inc. intends to launch a project to create a new home office. Walmart has since begun construction on the new office building. Ever since its inception, it has provided many conveniences and features that best fit a home office. The project under evaluation is critical because staff are able to utilize the different kinds of services and requirements available in a home office scenario. Walmart Inc. intends to handle the project in the most efficient manner feasible in order to complete it on schedule. A perfect home office is more than simply the arrangement of the facilities. It is the place that allows people to be them while also giving them the ability to examine on themselves.