Solve the question: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks.Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. 5G lI.Project Risk Management• It lists the relative probability of a risk occurrinand the relative impact of the risk occurring oproject.- Top ten risk item tracking techniquePerforming Qualitative Risk1-.risk 1Highrisk 6risk 9risk 4risk 2risk 3Mediumrisk 5risk 7risk 11risk 8Lowrisk 12risk 10LowMediumHighImpactO Cengage Learning 2014FIGURE 11-5 Sample probability/impact matrixPerforming Qualitative RiskAnalysisABLE 11-6 Example of Top Ten Risk Item TrackingMONTHLY RANKINGNumber ofRank Last Months inRank ThisRisk EventMonthMonthТop TenRisk Resolution Progress1InadequateplanningWorking on revising the entire projectmanagement plan24Holding meetings with project customersponsor to elarify scopeРоor3definitionAbsence ofAfter previous project manager quit,assigned a new one to lead the project3leadershipPoor cost43.Revising cost estimatesestimatesPoor timeRavisind schedule estimatesestimatesProbability

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Solve the question: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective.

Solve the question: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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