Justify the assignment of probability and impacts for each threat

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Question description

**This assignment will require access to the following book below. Whether online or text access but required 'Figure Illustrations' are required to complete.**

Hillson, D, & Simon, P. (2012).Practical project risk management: The ATOM methodology (2nd ed.).Vienna, VA.: Management Concepts.

Assignment 3: Risk Workshop and Risk Register

Due Week 6 and worth 240 points

Note: The assignment is based on a specific Case study that will be forwarded to tutor.

Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you:

  1. Identify the required pre-workshop activities.
  2. Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case.
  3. Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat.
  4. Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment.
  5. Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each opportunity.
  6. Justify the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment.
  1. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Assess and prioritize risks to the project through an analysis of the active threats and opportunities presented.
  • Apply the Active Threats and Opportunities Management (ATOM) process to ensure a consistent, measurable result of this analysis.
  • Use technology and information resources to research issues in project risk management
  • Write clearly and concisely about project risk management using proper writing mechanics.

Tutor Answer

(Top Tutor) Daniel C.
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School: Cornell University
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