Mitigation strategy for each type of risk

Assignment Help Business Management
Reference no: EM133117491

Throughout all projects, there are positive and negative risks. A part of the risk management plan is to have a mitigation strategy for each type of risk. For this assignment, prepare a risk register for the Lucky Me Animal Rescue adoption event project.

For the first part of this project, you will use a spreadsheet to create a risk register. You must identify a minimum of 10 risks on the risk register.

The risk register should contain, at a minimum, the information described below.

- Identify and describe all possible risks.

- Describe the potential impact on project success for each risk.

- Provide the probability of the risk occurring, and prioritize each risk (rank from most important to least).

- Create a mitigation strategy for each risk.

In the second part of this project, you will research and examine how the project's quality could be impacted by the risks you have identified. Discuss what steps or tasks you would perform, as the project manager, to ensure that the project quality does not suffer due to the risks. (Note: Specifically address quality impacts, as you have already addressed the overall project impacts from the risks in the risk register.)

In the final and third part of this project, you will summarize what controlling phase tasks will help you in managing the project's time, costs, schedule, resources, and quality while responding to the risks identified in the risk register. Begin with an introduction. Include examples of outputs, communications, or documents specific to the Lucky Me Animal Rescue adoption event project as you summarize the controlling phase tasks.

Reference no: EM133117491

Questions Cloud

Experiences or current events involving adverse selection : Identify an example of a management scenario from your own experiences or current events involving adverse selection or moral hazard.
Marketing plan-management of global customer brand : What are the marketing strategies used by your company in the management of the global customer brand? Use the four Ps in your analysis
Difference between oral auctions and second-price auctions : Explain the difference between oral auctions and second-price auctions, including how they work and their results.
Controlling phase of the project : We focus on the controlling phase of the project. A part of the controlling phase is to provide performance updates to the project's stakeholders.
Mitigation strategy for each type of risk : Throughout all projects, there are positive and negative risks. A part of the risk management plan is to have a mitigation strategy for each type of risk.
Part of employment scams and fraud : Explain how to avoid becoming a part of employment scams and fraud.
Types of market entry methods : Discuss the various types of market entry methods. What are some examples of political and legal barriers that may eliminate a potential country
Entrepreneur develops new business and bears financial risk : An entrepreneur develops a new business and bears the financial risks and benefits. Besides financial returns, what other responsibilities does the entrepreneur
Responsibility for rejected bottle of wine : Who should take responsibility for rejected bottle of wine? What are the exact words you would use to convey to guest that you understand his objection wine?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd