Assignment: Quantifying Risk and Its Impact
Unit Outcomes:
Identify project risk events
Analyze project risk through qualitative methods
Plan management responses to project risks
Quantifying Risk and Its Impact
Assignment Instructions: Review the risk events identified in the Gauchito Project Plan in Doc Sharing. Using the Gauchito risk events as an example, make a list of at least ten risk events to your project. Examine each risk event separately based on the project objectives and try to place it in the appropriate grid cell in the Probability and Impact matrix of your PMBOK Guide. Determine what sources of risk and which risk events may be expected to affect your project. Quantify the risks identified to determine which risk events require a response.
consider:
Impact to the project's expected monetary value
What is the impact to quality
What is the impact to the schedule
Prepare a 2 page executive summary of your findings, not to exceed 500 words, addressing the key points of your research.