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.

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.