Posted: December 7th, 2013
Project Mgmt.
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 attached…supplementary information for details.