Homework: Risk Performance Analysis
Part I: Risk Analysis
Perform a Risk Analysis of your project. Identify several risk events, the likelihood that it will occur, the impact on the project and what phase of the project it would happen. Next, identify the costs associated to each risk and who would be responsible of dealing with the risk. Finally, prepare a response for each risk. You are strongly encouraged to use a variety of qualitative and quantitative risk analysis methods in this section.
Part II: Performance Analysis
1. Identify what tools you would use to track your project performance once the project begins. Explain how these tools address the following questions:
2. How would you know if you are on schedule?
3. How would you know if you are on budget, over budget or under budget?
4. When will the project be completed?
The deliverable for this part of the project will be a formal letter to your supervisor (your instructor) that explains your project risk and performance analysis for the project. You will need to show your calculations in an appendix.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.