Risks in Projects
Paper details:

Risks in Projects

According to Schwalbe (2014), a project risk is defined as “is an uncertainty that can have a negative or positive effect on meeting project objectives” (p. 443).

In this week’s Application, you will create a probability/impact matrix. This matrix will help you analyze project risks and their effects on the project outcome. Think about a project that you recently worked on or are working on and consider the risks.

Perform the following tasks:

List the risks and their potential effects. Were some of the risks more likely to occur than others? Why?
Create a probability/impact matrix on the basis of your identified risks. The probability/impact matrix should contain a minimum of seven risks.

Submit a 4-page report containing the list of risks, your conclusions about the potential impact of the risks, the reasons for the likelihood of occurrence of some risks, and the probability/impact matrix. Your report should conform to APA style.

Reference

Schwalbe, K. (2014). Information Technology Project Management (7th ed.). Boston, MA: Course Technology.