Reference no: EM1390254

Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document them in a list. They never ranked them or developed any response strategies. Since several problems have been occurring on the project, such as key team members leaving the company, user being uncooperative, and team members not providing good status information, Tony has decided to me more proactive in managing risks. He also wants to address positive as well as negative risks. 1. Create a risk register for the project, using Table 11-5 and the data below it as guide identify six potential risk, including risks related to the problems described above. Include negative and positive risks. 2. Plot the size risk on probability/impact matrix using Figure 11-5. Also, assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 being low and 10 being high. For a simple risk factor calculation, multiply these two values (the probability score and the impact score). Add a column to your risk register to the right of the impact column called Risk Score. Enter the new data in the risk register. Write your rationale for how you determined the scores for one of the negative risks and one of the positive risks. 3. Develop a response strategy for one of the negative risks and one of the positive risks. Enter the information in the risk register. Also write a separate paragraph describing what specific tasks would need t be done to implement the strategy. Include time and cost estimates for each strategy, as well.