Part One: Discussion – Evaluating Project Risks — Due – Tuesday – 10/24/17
In this discussion, please address the following:
- Discuss the reasons as well as the advantages and disadvantages on why a project manager creates and manages a project risk matrix.
- Do you believe it is possible to eliminate all risk from a project? Explain your reasoning.
- Discuss the advantages of using quantitative risk assessment tool.
Part Two: Written assignment -Assigning Project resources
Research the activity of assigning resources to a project and discuss the following:
- The steps a project manager must take to make sure their project is receiving adequate support.
- Techniques used in the assignment of resources (human capital).
- When is it necessary to “level load” a project?
- Steps a project manager would take if the needed resources were not available for their project
The paper is to be no more than 3 pages, in APA format.
Part Three: Module 04 Course Project – Quantify, Qualify, and Evaluate Project Risks
Fill out the project risk assessment matrix (template linked below). Be sure to include the following information in the matrix:
- Identify and name at least three risks and name them (Risk name)
- Determine the expected costs for each named risk
- Determine the Risk Probability for each named risk
- Factored Risk Value (should automatically calculate using the provided template)
- Determine the Risk Impact to project (using drop down menu in the provided template)
- Provide the Risk Mitigation Plan
- Provide the Expected Risk retire date (when the risk is no longer a risk)
Risk Assessment Matrix
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