Project Management | Due Tuesday 5.3 | 11:30 PM

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    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 either Case 7.1 Alaska Fly-Fishing Expedition, 7.2 Silver Fiddle Construction, 7.3 Trans LAN Project, and 7.4 XSU Spring Concert 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.

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