Determine the expected costs for each named risk


Project Risk Assignment

You are assuming the role of the project manager for a company called SuperPacks to provide a new backpack product with a built-in refrigeration pouch and radio module. Your customer for this project is the U.S. Army, Ground Forces and Special Operations. As the project manager for your team, you will be submitting to your manager a project management report.

Instructions

Risk Matrix

As a project manager for this company, you are to analyze the risks associated with the project. Risks should be identified and defined as cost, probability, impact, and mitigation plans for each risk. Below, you are to provide a risk assessment for the project based on the criteria and template provided.

• 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.

• Include factored risk value (should automatically calculate using the Risk Assessment Matrix template).

• Determine the risk impact to project (using the drop-down menu in the Risk Assessment Matrix template).

• Provide the Risk Mitigation Plan.

• Provide the expected risk retire date (when the risk is no longer a risk).

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

Attachment:- Module-Risk-Assignment-Matrix-Template.rar

Solution Preview :

Prepared by a verified Expert
Risk Management: Determine the expected costs for each named risk
Reference No:- TGS02965821

Now Priced at $30 (50% Discount)

Recommended (99%)

Rated (4.3/5)