Project Risk Management: Since several problems have been occurring on the Convert University Campus from Partially Wired to All Wireless Project, you have decided to be more proactive in managing risks. You also want to address positive and negative risks. Tasks: 1. Create a risk register for the project, using Table 11-5 as a guide. Identify six potential risks, including at least two positive risks. 2. Plot the six risks on a probability/impact matrix, using Figure 11-4 as a guide. Assign a numeric value for the probability of each risk, and its impact on meeting the main project objectives. Use a scale of 1 to 10 to assign the values, with 1 being lowest and 10 being highest. For a simple risk factor calculation, multiply these two values (the probability score and the impact score). Enter the new data in the risk register. Write your rationale for how you determined the scores for one of the negative risks and one of the positive risks. 3. Develop a response strategy for one of the negative risks and one of the positive risks. Enter the information in the risk register. Write a separate paragraph describing what specific tasks would need to be done to implement the strategy. In addition, include time and cost estimates for each strategy

Project Risk Management

Paper details:
3000 words excluding Abstract and References. Please include texts from the following book: Risk Management: 10 Principles by Dr Jacqueline Jeynes in addition to other references

The management of risk is proving to be one of the most difficult tasks for the
project management profession. How can risk be managed effectively and who
should be responsible for this task?

You are required to critically analyse the concept of risk: discuss how it can be
measured and ranked and outline how a project risk management strategy may
be constructed for a project of your own conception. In completing this
assignment, you should address how appropriate practices can assist in
minimising risk for your project.

Marking Scheme

Project Risk Management

Paper details:
3000 words excluding Abstract and References. Please include texts from the following book: Risk Management: 10 Principles by Dr Jacqueline Jeynes in addition to other references

The management of risk is proving to be one of the most difficult tasks for the
project management profession. How can risk be managed effectively and who
should be responsible for this task?

You are required to critically analyse the concept of risk: discuss how it can be
measured and ranked and outline how a project risk management strategy may
be constructed for a project of your own conception. In completing this
assignment, you should address how appropriate practices can assist in
minimising risk for your project.

Marking Scheme