Topic: trying to save a store from going out of business

Identify your project and provide a brief scope statement.

What type of project risks did your project team face? Include at least one risk (and explanation) from each:

Financial Risk

Technical Risk

Commercial Risk

Execution Risk

Contractual or Legal Risk

What type of risk mitigation strategies did your project team use?

Was such successful?

In hindsight, would another approach have been better?

What types of costs were present in your project?

Include examples of fixed costs, variable costs, nonrecurring, and recurring costs.

Lastly, what approach was used to estimate and budget the project (Top-Down, Bottom-Up, or Activity-Based)?

Were any contingencies used? Explain.