Risk Management Plan
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Name ______________________
Date____________
Risk
Impact/Probability
Chart Worksheet
© Copyright Mind Tools Ltd
, 2006-2015. Please feel free to copy this sheet for your own use and to share with friends, co-workers or team members, just as long as you do not change it in any way.
ME12 Entrepreneurship II
Summer 2020
Name ______________________
Date____________
Directions: To use the Risk Impact/Probability Chart, follow the steps listed below.
1.
List all of the likely risks that your project faces. Make the list as comprehensive as possible.
2.
Assess the probability of each risk occurring and assign it a rating. For example, you
could use a scale of 1 to 10. Assign a score of 1 when a risk is extremely unlikely to occur and use a score of 10 when the risk is extremely likely to occur.
3.
Estimate the impact on the project if the risk occurs. Again, do this for each and every risk on your list. Using your 1-10 scale, assign it a 1 for little impact and a 10 for a huge, catastrophic impact.
4.
Map out the ratings on the Risk Impact/Probability Chart.
5.
Develop a response to each risk, according to its position in the chart. Remember, risks in the bottom left corner can often be ignored, while those in the top right corner need a great deal of time and attention. 6.
Read Risk Analysis and Risk Management
for detailed strategies on developing a risk response plan. ME12 Entrepreneurship II
Summer 2020
Name ______________________
Date____________
Risk Management Plan Rubric Criteria
Not Demonstrated
Below Expectations
Met Expectations
Above Expectations
Score
Potential risk Did not
identify
potential
risks.
Created a
list of
potential
risks not
relevant to
the startup
business.
Created a list of
potential risks
associated with the
startup business
Created a list of potential
risks associated with the
startup business with
supporting details.
0
8
14
20
Risks
analysis and
prioritization
Did not
analyze and
prioritize
risks.
Analyzed
some of the
risks.
Analyzed and
prioritized all of the
risks.
Analyzed and prioritized all
of the risks with supporting
details.
0
8
14
20
Plan to
mitigate or
eliminate risk
Did not
include plan
to mitigate
or eliminate
risk.
Determined a plan to mitigate or eliminate some risks. Determined a plan to mitigate or eliminate each risk.
Determined a plan to mitigate or eliminate each risk with supporting details.
0
8
14
20
Written risk
managemen
t report
Did not
complete a
written risk
managemen
t report.
Created a
risk
managemen
t report with
a list of risks.
Created a risk
management
report with a list of
risks by priority
and the plan for
that risk.
Created a risk management
report with a list of risks by
priority and the plan for that
risk with supporting details.
0
8
14
20
Presentation
Did not
present risk
managemen
t plan.
Presented
some type of
risk
managemen
t plan. Presented a risk
management
process and plan.
Presented a risk
management process and
plan with supporting details.
0
8
14
20
Score
ME12 Entrepreneurship II
Summer 2020
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Previous Answers
Mountaineers often use a rope to lower themselves
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✓ Correct
Part D
Figure
1 of 1
What minimum coefficient of static friction is needed to prevent the climber's feet from slipping on
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Express your answer using two significant figures.
{—| ΑΣΦ
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Find the magnitude of the projected component of the force along the pipe AO.
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