Question: Using the templates and information provided below
Risk Matrix: As a project manager for this company, you are to analyze the risks associated with the project. Risks should be identified and defined as cost, probability, impact, and mitigation plans for each risk. Below, you are to provide a risk assessment for the project based on the criteria and template provided.
- Identify and name at least three risks and name them (risk name).
- Determine the expected costs for each named risk.
- Determine the risk probability for each named risk.
- Include factored risk value (should automatically calculate using the Risk Assessment Matrixtemplate).
- Determine the risk impact to project (using the drop-down menu in the Risk Assessment Matrixtemplate).
- Provide the Risk Mitigation Plan.
- Provide the expected risk retire date (when the risk is no longer a risk).