Perform qualitative assessment to prioritize risks

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Reference no: EM132294880

(Read “Suburban Homes Construction Project” at the end of Chapters 10 and 11 (in the textbook) and then develop a RBS (risk breakdown structure) in Microsoft Excel or in Microsoft word (using tables). Please do the best that you can; however, please note that you will learn how to incorporate Microsoft in another PM class as you go along in the PM program.) Identify all the risks. To do so, you will use a WBS and ask yourself, What can go wrong with this work package? for each work package identified at the lowest level of the WBS. Also, you can identify more risks by challenging all the assumptions listed in your project plan. Develop a risk register as discussed throughout the chapter. Develop a risk breakdown structure. Perform qualitative assessment to prioritize risks. Develop risk response strategies for the top ten risks in the prioritized list of risks. Choose a critical risk and develop a greater understanding of the risk using quantitative risk assessment.

Reference no: EM132294880

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