Risk Analysis and Assessment
Using the case study- A&D High Tech (A): Managing Projects for Success by MARK JEFFERY.
Add the major and minor risks, and determining the probability of the risks. Develop a risk matrix that will be used to assess the probability of risks.
Include the following sections in your Risk Management Plan submission:
Section 4-Risk Analysis and Assessment
4.1 Major and Minor Risks (Analyze project risk to identify major and minor risks associated with the project).
4.2 Risk Probability (Integrate qualitative and quantitative risk analysis techniques to identify methods for use in evaluating the probability of a risk event).
4.3 Risk Matrix Template (Insert the completed Risk Matrix Template).
4.4 Risk Data Quality Strategy (Define the process and tools to be used to determine the quality of data for use in assessing project risk).
4.5 Risk Reviews (Define the process to be followed for risk reviews to be conducted throughout the project life cycle).