Risk probability impact impact cost or schedule cost


(Short Answer) Select ONE of the following scenarios, identify ONE reasonable risk in that scenario, write an appropriate complete statement for that risk including: risk, probability, impact, impact cost or schedule cost, mitigation plan, and contingency plan. (hint: see HW4 notes in chapter 8 slide deck)  Note: I don't want to be grading forever, so be concise, points off for excess verbosity.

Option 1: A new virtual reality, massively multiplayer role playing game has been released. Only 10,000 copies were sold in the initial offering and you have managed to buy one of those. You played in the beta test and feel confident about your abilities and you already have the necessary neural helmet that will transfer your consciousness into the game while you play. You are all set to put on your helmet and say "Link Start!" But, could there be any risks...?

Option 2:  You are have realized your dream to become the first human to walk on Mars. As you look down from your orbiter and see the your first sunrise over the red planet, you think about the next step in your mission. You will board the lander, strap in, close the air lock with the orbiter, and launch the lander. At the appropriate times, you will engage the retro-thrusters, then the parachute, and finally, the enormous spherical bumpers at the 4 corners of your pyramidal lander. Then stand by for a bumpy ride. What could possibly go wrong...?

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Operation Management: Risk probability impact impact cost or schedule cost
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