Risk Management Tools

Risk Management Tools.
Group Portion
As a group, you are to describe a project that all of you will participate in, and include the following:

Define the goal of the project -To cook a fried chicken dinner(2 pages)

Individual Portion
Each group member is to come up with 2 risks to this project. Each risk must include the following elements:

What technique(s) was used to identify the risk?
What type of risk is it, and does it have specific IT elements and considerations?
How was the risk assessed, and how does it rank with all of the risks identified by the group?
Is the risk qualitative or quantitative, and does it work with an EMV or Pareto analysis with all of the risks identified by the group?
What is the response to this risk, assuming it occurs during the project s lifecycle?
Provide at least 2 contingency plans for this risk (one primary and a second backup).

Risk Management Tools