Risk Management/Assessment

Assignment:

The following information has been provided on a project opportunity. Your company has a standard risk assessment model (see the framework shown in tabular format below) and it wishes to use this so that a preliminary decision can be made on whether to increase the resource provided for the project and proceed with more detailed preparation. When there is no information provided on the given risk factor for the project, it is customary to assume the maximum risk. Complete the risk assessment and report your total risk score range (e.g., 130-155). Identify risk factors that can be mitigated to some extent by negotiating different terms and conditions with the client so as to bring down the overall risk score. Evaluate your new overall risk score range. (Hint: Use excel spread sheet to calculate the risk score and also state the assumptions under each risk factor for taking that risk score).