Risk matrix and project communication

Assignment Help Business Management

Reference no: EM133107121

Exercise 1.

Risk Matrix

Background

This exercise continues your student project that will be used for several homework exercises.

The scenario is that you work for the fictitious company: Bear Claw Corporation. You are a project manager assigned to a new project. You are in the defining and planning phases and tasked to produce the project planning documents. This exercise creates a risk matrix.

Directions

Produce a risk matrix that includes risk identification, risk assessment, and risk response steps.

First, identify at least ten risks. Endeavor to select at least one risk from each category.

- Scope

- Schedule

- Budget

- Internal

- External

Second, assess each risk in a risk matrix by scoring its likelihood and impact (skip detectability) to rank the major risks.

Third, for the top four major risks, determine a risk response.

- Escalate

- Avoid

- Transfer

- Mitigate

- Accept

Produce a one or more tables to organize risk matrix.

Exercise 2.

What is project communication?

Background

This exercise continues your student project that will be used for several homework exercises.

Directions

Based on the material presented in the Communication Approach video lesson, identify at least five pieces of project information. Endeavor to include at least one example from each category.

- Interactive

- Push

- Pull

Produce a table with the information piece and communication category

Reference no: EM133107121

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