Lesson 11 paper PCM
Create a risk register for your example project. Categorize each risk, list potential impact, and list potential responses (as in the textbook Exhibit 10.9).
For your example project, you can choose from this list of the most influential projects, or create one.
Describe what each project success measure (from the textbook Exhibit 10.1) looks like on your example project. Identify at least three risks to each success measure, determine which are major risks, and for each major risk develop one or more contingency plan. Identify whether the contingency plan is an avoidance plan (reducing the probability of the risk event), a mitigation plan (reducing the impact of the event), or both.
Facilitate a discussion with the sponsor and other key stakeholders of your project. Have them determine the relative importance of their priorities and document them as in the textbook Exhibit 10.2.
Perform a risk review for your example project. Use at least three types of review as shown in the textbook Exhibit 10.8. Which of these types gave you the most useful information? Why?
