Create a detailed Risk Assessment for the Project Team. Assessing each risk involves determining the likelihood that the risk eent will occur and the degree of impact the event will have on the project.
Each of these factors can be assigned a rating of high, medium, or low. In addition to assessing the likelihood, we need to identify the impact, action trigger, and response plan.
The Assignment requests that you compete a risk assessment. It asks you to put into a table in a Word Document and for the following items:
- Rate risk High, Medium, or Low likelihood that the event will occur
- Identify the Impact of the risk event (what will happen if it occurs)
- Identify the action trigger (what may cause the risk event)
- Identify a short response plan for each risk (should be a few sentences for each risk).
Develop a Risk Assessment table utilizing Excel for the Music Fest Concert project. Students should identify7-10 risk events.
Please see attachedsupplementary information for details.