Register sample format and example risk, Risk Management

Assignment Help:

Using the above information, and any other information (state assumptions), create the start of a risk register for the project, using the Risk Register Sample below as a guide. Identify six potential risks, including at least two positive risks. Use MS Excel to enter the register and print it out.

2404_risk management.png

For example, the following data might be entered for the first risk in the register as follows.

No.: R12

Rank: 1

Risk: New Customer

Description: we've never done a project for this organization before and don't know too much about them. One of our company's strengths is building good customer relationships, which often leads to further projects with that customer. We might have trouble working with this customer since they are new to us. 

Category: people risk

Root Cause: we won a contract to work on a project without really getting to know the customer. Triggers: the Project manager and other senior managers realize that we don't know much about this customer and could easily misunderstand their needs or expectations.  Risk responses: make sure the project manager is sensitive to the fact that this is a new customer and takes the time to understand them. Have the PM set up a meeting to get to know the customer and clarify their expectations. Have Cliff attended the meeting, too. 

Risk owner: our project manager  Probability:

Impact: High 9 (scale 1-10)

Status: PM will set up the meeting within one week.


Related Discussions:- Register sample format and example risk

What is the maximum amount of money the company, The marketing department o...

The marketing department of a vitamin water company wishes to determine the maximum expected payoff from introducing a new strawberry drink. What decision, in terms of choosing the

What are upper limb disorders, Question 1: (a) What are Upper Limb Diso...

Question 1: (a) What are Upper Limb Disorders? (b) Describe seven main factors that are likely to increase the risk of upper limb disorders at work and suggest ways for redu

Determine the optimal for investor, The investor has constant wealth 1 and ...

The investor has constant wealth 1 and is offered to invest in shares of a project that either gains 3/2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha

Execution of a risk analysis, Question: (a) What are the various option...

Question: (a) What are the various options to mitigate risks in an Information Security Management System (ISMS)? For each option specify an instance where it can be used.

Asset registration update, what are the risk management in an asset registe...

what are the risk management in an asset register that is not updated on a timely basis

Roles and responsibilities for risk management, Determine the roles and res...

Determine the roles and responsibilities for risk management at senior management level • The role and contents of the risk management strategy, including risk profile, risk app

Evaluation and management of risk, Evaluate the outcomes of risk management...

Evaluate the outcomes of risk management strategies The scope of strategic risk management evaluation The elements of a strategic risk management control system Issues

Explain the use of hani-raafat risk calculator, Question 1: (a) Employ...

Question 1: (a) Employers should conduct proper health risk assessment in order to identify and control health risks before they lead to losses. Describe the four stages invo

Explain service recovery efforts, Question 1: Service quality focuses o...

Question 1: Service quality focuses on satisfying customers' needs in the moments of truth during service encounters where the customers form perceptions of the service deliver

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd