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Plot the six risks on a probability/impact matrix using the template. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 representing the lowest values. For a simple risk factor calculation, multiply the probability score and the impact score. Add a column called Risk Score to your risk register to the right of the impact column. Enter the new data in the risk register. Copy your impact matrix and new risk register to a word document and write your rationale for how you determined the scores for one of the negative risks and one of the positive risks.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93127436

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