Risk is any external or internal factor that can have an impact on your project, either negatively or positively. Not all risks will occur, but you must be prepared to manage all that do. The goal of risk management is to identify project risks and develop strategies to prevent them from occurring or reduce their impact if they do occur.
Download the Risk Management Tool and follow the accompanying instructions on the tool.
Complete the “Top 10” Risk Register for the risks you determined are of the highest priority to your project.
Rubric
Risk Identification
30% of total grade
Accomplished
Identified 10 basic risks in their “Top 10”; clearly understood the various kinds of associated risks.
90 – 100%
Estimating the Probability and Severity of Risk
10% of total grade
Accomplished
Realistically estimated the probability and severity of all of the risks identified.
90 – 100%
Mitigating Risk Options and Risk Actions
30% of total grade
Accomplished
Thoroughly considered various options to mitigate all risks identified and selected appropriate mitigating actions for each risk.
90 – 100%
Contingency Plans
30% of total grade
Accomplished
Contingency plans were clear and thoroughly developed for all relevant risks.
90 – 100%
