d Probability LOW MEDIUM HIGH LOW MEDIUM HIGH Impact

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Can you detect the risk management of the project “Organising a Fan Convention at Birkbeck. This could be to organise an event/concert that could connect students/staff with a celebrity of their liking.

Identify – minimum 15 different risks

• Analyse

  • Use the probability/impact matrix and place all risks there

  • For 5 risks, from different boxes, explain in detail why you think they have that level of probability and impact on the project. (use 1-2 slides)

    • Response strategies and specific response actions
    • Use the simplified risk register provided in the lecture and seminar
    • For 5 risks, propose a response strategy AND specific response actions for each of these. • At least one of these 5 risks should be a positive risk

d
Probability
LOW
MEDIUM
HIGH
LOW
MEDIUM
HIGH
Impact
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