You met with your department
manager, a few of the stakeholders, and the sponsor last week to review the
list of possible risks. They accepted most of your risks and agreed that the
next step was the assessment. There was some confusion, however, over how that
step should be completed. Apparently, a prior project manager did a poor job
with risk assessment and felt that it was an unnecessary activity. This
resulted in the project encountering several risks and always being in
fire-fighting mode. Several of the stakeholders (who were impacted most by this
mode) want a much more formal approach taken to risk assessment (as does the
CEO).
Assignment Guidelines:
You have scheduled a risk
assessment meeting for later this week. Create a pre read document for the
meeting participants that will walk them through how you will run the meeting
and what they should prepare in advance. In your 3–4 page document, be sure to
address the following:
·
Who will you involve? (number of people, roles, and project
responsibilities)
·
How will you manage the group?
·
What is your process for assessing the risks? What techniques will you use?
·
Where will you start?
In preparation for the meeting
and to help you focus on the upcoming task, review your list of risks. Practice
the various techniques you will use by assessing at least 15 of your
risks. Create a grid for this activity. Use a qualitative method to identify
the high-priority and low-priority risks. Provide a rationale for your
responses. Then, using a semi-quantitative method, create a risk score and
probability/impact matrix for the remaining risks. The columns should be
organized as follows:
·
Risk event
·
Probability
·
Rationale for probability
·
Impact
·
Rationale for impact
·
Next steps (describe what you need to do with this risk event next:
nothing, further analysis, or determine actions)
Your submitted assignment
must include the following:
·
A 3–4 page typed pre read document
·
A grid assessing the risks you had outlined in Unit 1 formatted to the requirements listed above
