5-2 Activity: Risk Register

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.