Individual Project unit 4

 

Risk is inherent to every project. Some risks are more likely to occur than others, and some will have a greater impact to the project if realized. Although you cannot account for every risk, a thorough risk analysis and assessment can help minimize the liabilities of the project and ensure that your projects are successful.

Refer to Case 7.1, 7.2, 7.3, and 7.4 of your text. Each of these cases presents you with a project scope statement for a fictional project. You are to pick 1 of these cases on which to perform a risk analysis. After picking a case of your choice, you should address the following:

• Summarize the project.
• Discuss how the risk management process will be applied.
• Identify potential risks associated with this project (you must come up with at least 5 different risks).
• Use a risk assessment form to analyze identified risks.
• Develop a risk response matrix to outline how you would deal with each of the risks.

Please use the following templates when writing your paper

• Risk Assessment Form
• Risk Response Matrix

In conducting the risk assessment and developing the risk response matrix, you can either develop the risk assessment form and the risk response matrix yourself, or you can use the templates provided in your text. Your submission should be 5 pages in length. Graphics are encouraged, and you are free to be creative with this assignment. Be sure to cite your sources using APA; include your references and in-text citations.

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American InterContinental University

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Indent five spaces. Type your introduction. Delete these instructions.

Refer to Either Case 7.

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, 7.2, 7.3 or 7.4 and Summarize the Project

Indent five spaces. Summarize the project in 1-2 paragraphs. Delete these instructions.

Discuss how the Risk Management Process will be Applied

Indent five spaces. Discuss how the Risk Management Process will be applied. Delete these instructions.

Identify at least Five Potential Risks Associated with the Project

Indent five spaces. Use sentence structure to identify at least five potential risks associated with the project. Delete these instructions.

Fill in the Risk Assessment Form to Analyze the Identified Risks

A Risk Assessment Form identifies the risk, determines the likelihood of the event, specifies the consequence of the realized event, determines the level of the risk if realized, and identifies a plan of action. Delete these instructions.

Risk Assessment Form for Selected Case 7.1, 7.2, 7.3 or 7.4

Risk Event

Likelihood

Impact

Detection Difficulty

When

1.

2.
3.
4.
5.

*Likelihood

1. Unlikely (low risk, no further action)

2. Seldom (medium risk, further action optional)

3. Occasional (medium risk, further action necessary)

4. Likely (high risk, further action necessary)

5. Definite (extreme risk, act now)

**Impact

1. Insignificant

2. Marginal

3. Moderate

4. Critical

5. Catastrophic

***Detection Difficulty

1. Easy

2. Moderately Easy

3. Difficult

4. Moderately Difficult

5. Extremely Difficult

Develop a Risk Response Matrix to Outline How You Would Deal with Each of the Risks

A Risk Response Matrix provides a response to deal with each of the risks if realized.

Risk Response Matrix for Case 7.1, 7.2, 7.3 or 7.4

Risk Event

Response Strategy

Contingency Plan

Trigger

Who is Responsible

1.

2.
3.
4.
5.

Indent five spaces. Type some concluding remarks. It is not necessary to provide a subheading for the conclusion paragraph. Delete these instructions.

References

Use these examples to create your own APA-formatted references in 7th edition. Be sure to insert in-text citations in the body of the text where you will indicate specifically where you used the references. THIS IS VERY IMPORTANT. Delete these instructions. Delete the reference examples before you submit your paper.

APA block quotation. (n.d.).

http://www.rpi.edu/web/writingcenter/wc_web/school/apa_block_quotation.htm

Cuddy, M. F., & Fisher, E. R. (2010). Investigation of the roles of gas-phase CF2 molecules and F atoms during fluorocarbon plasma processing of Si and ZrO2 substrates. Journal of Applied Physics, 108(3), 033303.

https://doi.org/10.1063/1.3467776

Stevens, J.R. (2008). The signal phrase.

http://www.englishdiscourse.org/signal.html

Wilhew, R. B. (2019). Gas phase investigations. Routledge.

https://bookshelf.vitalsource.com/

Yelway, P. A. (2017). The roles of gas-phase molecules. Pearson. https://bookshelf.vitalsource.com/

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American InterContinental University

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American InterContinental University

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