What is your contingency plan for each of the five risks


Problem

Topic: New car modal name is T modal. It is based on track performance.

Risks and Mitigation Strategies

i. Identify at least 5 risks for your project
ii. Provide a description of the risk
iii. Assess the Probability and Impact of each of the 5 risks
iv. Calculate the Score for each of the 5 risks (Probability x Impact)
v. Develop a Risk Response Strategy (i.e. how will you respond to each of the 5 risks - transfer, mitigate, accept, or retain?)
vi. What is your contingency plan for each of the 5 risks?
vii. What is the potential trigger for each contingency?
viii. What is the status for each risk (open, closed, or in-progress)?

Conclusion

i. Provide an overall summary of the project
ii. What were your Key Findings?
iii. What were your Lessons Learned?
iv. What are 3 key Takeaway messages you want the audience to remember?

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Project Management: What is your contingency plan for each of the five risks
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