BSBPMG517: Case Study - Business Accounting and Finance | Project Management Risk Assessment Answers

Internal Code: 1ICDG

Case Study: Project Management Risk Assignment

Task 1: Risk should be managed in every project. Is this true or false? Why? Task 2: What is a project risk context? Task 3: Create a list of possible questions you could ask members of the project team to identify the project risks (aim for at least 6 questions). Task 4: Determine risk analysis classification criteria and apply to agreed risk ranking system Task 5: What is the difference between qualitative and quantitative risk analysis? Task 6: Select one risk analysis tool and describe how it can be used to analyse project risk. Task 7: Is it necessary to prioritise all project risks? Why/Why not? Task 8: What information is documented in a risk register and who uses this information? Task 9: Provide an example of a project risk control. Task 10: Who would you need to consult with to determine your treatment options? Task 11: Who is responsible for the implementation of risk treatments? Task 12: How often should you update the risk management plan? Task 13: Develop a sample agenda for a project risk monitoring meeting. Task 14: Describe 2 ways modified plans could be distributed to project stakeholders. Task 15:  How can an issue log be used in risk management in future projects?