Week 3 Risk Analysis Case Study Alaska Fly Fishing Expeditio…

Read the Case Study, Alaska Fly Fishing Expedition.

List all the likely risks that this project faces. Make the list as comprehensive as possible. List at least 10 risks.

Assess the probability of each risk occurring and assign it a rating. Use a scale of 1 to 10. A score of 1 is very unlikely to occur and a score of 10 is very likely to occur.

Estimate the impact on the project if each risk occurs. Do this for each and every risk on your list. Using the 1- 10 scale, assign 1 for little impact and 10 for extremely high impact to the project.

Map out each risk on the Risk/Impact Probability chart. The 2 x 2 form can be []

and is a common assessment tool. Handwritten submissions are acceptable. Be clear on the placement of each risk within the grid.

Develop a response to each risk, according to its position on the chart. Those items located on the lower left of the chart can probably be ignored, while those in the upper right need to be immediately addressed. Detail the responses to each identified risk as part of this assignment.