Project risk management

Description

You have been tasked with planning a family reunion picnic for the Addam’s Family. There will be about 45 people including 7 children. They have decided to hold the picnic at Aunt Morticia’s farmhouse. The fun will begin at 11:30 to 3:30ish. Aunt Morticia is providing the main dish of grilled alligator (Gomez will be doing the cooking). She will also have paper plates, napkins, and plasticware. Everyone usually brings their favorite side dish along with drinks. For dessert, Uncle Fester is making his famous homemade vanilla ice cream. The family is all pitching in to rent a Bouncy Castle as Aunt Morticia only has a tire swing. Cousin It is bringing a couple of yard games.

REQUIRED ACTIONS:

Create a Risk Register using the Risk Register Template provided. You can make any necessary assumptions.

Come up with a list of risks and describe each.

Is the risk a threat or opportunity? (Yes, there can be positive risks!)

Put a probability of the risk occurring (use a numbering 1-3; with 1 being low and 3 being high)

What is the impact on the project if the risk occurs (use a numbering 1-3; with 1 being low and 3 being high).
Then add the Probability and Impact numbers to equal your Risk Score.
Rank the risks of probability.
What can you do to mitigate each risk (if at all)?
What is the contingency plan for the risk? (If it happens what are you going to do if anything?)
Who is responsible if the risk occurs?

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