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Describe the risks found to be of high impact and need to be

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Reference no: EM131195599 , Length: 2000 Words

Community Park Revision Project

Describe the risks found to be of high impact and need to be managed well in order to ensure that the project is not disrupted.

Include below points in your report.

a. Technical risk
b. Management risk
c. Economic risk:
d. Financial risk: 

  • Scope and objectives of risk report
  • Overall risk status
  • Top risks, actions and owners
  • Changes since last review
  • Conclusion and Recommendations

Prepare Risk Registry table and mention Probability Rank, Probability, Score, Impact Rank, Impact Score, P X I Score and Type of Impact for below given various risks.

  • Technical Risk
  • Management Risk
  • Commercial Risk
  • External Risk
  • Internal Risk
  • Economic Risk
  • Legal Risk
  • Governmental influence
  • Financial Risk
  • Maintenance Risk
  • Scheduled Risk

Appendix

Words Limit : 2000

Verified Expert

Risk mitigation is crucial for all projects in order to ensure efficiency and success. In case of the chosen community park revision project, there are several risks involved including project failure risk, legal risk and commercial risk. Yet an expectation of success based on possibilities of risk mitigation and risk minimization drives us to form a risk report which can support project implementation and help carry out this project with better chances of success.

Reference no: EM131195599

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