American University of Puerto Rico Qualitative Risk Assessment Discussion
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Activity
7
Qualitative Risk Assessment. Imagine that you are a
member of a project team that has been charged with
developing a new product for the residential building
industry. Using a qualitative risk analysis matrix, develop a
risk assessment for a project based on the following
information: :
Identified risk factors
Likelihood
1.
2.
3.
1. Key team members pulled off project
High
2. Chance of economic downturn
Low
3. Project funding cut
Medium
4. Project scope changes
High
5. Poor spec. performance
Low
4.
5.
Based on this information, how would you rate the
consequences of each of the identified risk factors? Why?
Construct the risk matrix and classify each of the risk
factors in the matrix.
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Explanation & Answer:
1 Page
Tags:
project management
project team
Qualitative Risk Assessment
funding sources
human and physical resources
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