Assignment 3: Risk Workshop and Risk Register
Due Week 6 and worth 240 points
Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.
Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you:
Identify the required pre-workshop activities. See your text and or research the meaning and purpose of pre-workshop activities. Then apply to “your” chosen study.
Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case. The agenda should include all of the line items to execute a thorough Risk Assessment. Again, you must know what a Risk Assessment is, first. Keep in mind that the event is two days.
Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat. Remember, the identified risk make-up the Risk Register. They should also be captured in the matrix.
Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. Remember, your scores should reflect the risk and the likelihood they should occur.
Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each opportunity. In other words these are the biggest threats and if successfully managed represent a big “win” for your project.
Justify the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment.Self-explanatory; see Risk Matrix
Use at least two (2) quality resources in this assignment. Note:Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Assess and prioritize risks to the project through an analysis of the active threats and opportunities presented.
Apply the Active Threats and Opportunities Management (ATOM) process to ensure a consistent, measurable result of this analysis.
Use technology and information resources to research issues in project risk management
Write clearly and concisely about project risk management using proper writing mechanics.
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