RISK MANAGEMENT 3

Assignment 3: Risk Workshop and Risk Register.

Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you:

1. Identify the required pre-workshop activities.

2. Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson & Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case.

3. Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Include information from the case for each threat.

4. Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment.

5. Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Include information from the case for each opportunity.

6. Justify the assignment of probability and impacts for each opportunity identified.

7. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.

Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Assess and prioritize risks to the project through an      analysis of the active threats and opportunities presented.
• Apply the Active Threats and Opportunities Management      (ATOM) process to ensure a consistent, measurable result of this analysis.
• Develop a project risk plan that can be incorporated      into this schedule.
• Conduct a quantitative analysis of the project risks      and opportunities, including the triggering events for each of the project      risks.
• Develop an appropriate risk response plan for the      project encompassing all of the identified risks, a communications      strategy, and a process to add or remove risks, as the project progresses.