Assignment:Prioritize Project Risks
Part 1-Instructions
This assignment has two parts. In the first part, prepare and submit an Excel spreadsheet in which you quantitatively rate the project risks you identified in the assignment, calculate a Risk Factor for each risk, and then sort the risks from highest to lowest Risk Factor. Be sure to use a scale of 1-10 for the Likelihood (with 1 being not very likely and 10 being practically certain) and a scale of 1-10 for the Impact (or Consequence) (with 1 being negligible and 10 being catastrophic). Use the RF = P X C method for calculating the Risk Factor for each risk and use a formula in Excel so that if the Likelihood or Impact rating changed, the Risk Factor would automatically change. You must sort all of the risks in your Excel spreadsheet from highest Risk Factor to lowest Risk Factor.
Part 2 - Summarize a Quantitative Risk Analysis Method
Instructions
The second part of this assignment requires you to write a paper that summarizes any four quantitative risk analysis methods described in Part III of the Cooper et. al. (2014) .
Support your paper with a minimum of three (3) external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Create a 6 to 7 pages not including title and reference pages
Your response should reflect scholarly writing and current APA standards.