Risk Mapping

Description

aving engaged with the theoretical material for this week, you can now practice what you have learned by completing a risk matrix for a project. Risk assessment is an important step in the risk management process where traditionally the impact of risks on project objectives is quantified and combined with the probability of risk occurrence. Such analysis of all the identified risks serves the purpose of prioritising the most critical ones – necessary due to scarcity of resources available for risk management.

Task:

This is an individual task where you are asked to identify and map the inherent risks for one of the projects you selected for the final report. This is done under presumption that you already have enough knowledge about the project you have been investigating.

Step 1

Identify and categorise all the risks inherent to the chosen project:

recognize the actual issues occurred during various project phases
apply other analytical techniques to identify potential risk events for such a class of projects.