Ha 5 Wk 05 Mint Cake - Mamaral - 2012-03-05 Rev a

Only available on StudyMode
  • Download(s) : 25
  • Published : March 22, 2012
Open Document
Text Preview
Marco Amaral – PBWRSK Module Hand-in Assignment 05 Week 05

Task 1 The PI Risk Matrix is displayed in Table 1. Table 1 – PI Risk Matrix Prob Impact 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.1 0.09 0.08 0.07 0.06 0.05 0.04 0.03 0.02 0.01 0.2 0.18 0.16 0.14 0.12 0.10 0.08 0.06 0.04 0.02 0.3 0.27 0.24 0.21 0.18 0.15 0.12 0.09 0.06 0.03 0.4 0.36 0.32 0.28 0.24 0.20 0.16 0.12 0.08 0.04 0.5 0.45 0.40 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.6 0.54 0.48 0.42 0.36 0.30 0.24 0.18 0.12 0.06 0.7 0.63 0.56 0.49 0.42 0.35 0.28 0.21 0.14 0.07 0.8 0.72 0.64 0.56 0.48 0.40 0.32 0.24 0.16 0.08 0.9 0.81 0.72 0.63 0.54 0.45 0.36 0.27 0.18 0.09

Task 2 The risk classification for Mint Cake scenarios based upon PI Risk Matrix is displayed in Table 2. Table 2 – Mint Cake Risk Classification Prob Impact 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 R3 R1 R7 R4 0.1 0.2 0.3 0.4 0.5 R2 R8 R6 0.6 0.7 0.8 R5 0.9

Risk Legend
High priority Medium priority Low priority

Task 3 The rise in cost, in pounds, of each risk scenario for Mint Cake project, as well as the additional cost for high and medium risk scenarios are displayed below (Table 3, bold blue text). The referred PI Matrix is displayed in Table 3. Table 3 – Additional cost in pounds Probability of occurrence 0.5 0.3 0.8 0.7 0.5 Relative impact on schedule 0.9 0.7 0.9 0.8 0.8 Cost of activity (pounds) $3,200 $2,200 $6,000 $1,500 $2,100 Rise in cost due to occurrence of risk 100% 40% 35% 45% 200% Rise in cost (pounds) $3,200 $880 $2,100 $675 $4,200 Total Additional cost (pounds)

Risk R2 R4 R5 R6 R8

$1,440 $185 $1,512 $378 $1,680 $5,195

Task 4 a) The additional cost for high and medium risk scenarios for Mint Cake project, considering the new scenario in which all the raw materials need are available (i.e. risks R2 and R4 are dismissed) are displayed below (Table 4a, bold blue text). Table 4a – Additional cost in pounds (raw materials available) Probability of occurrence 0.8 0.7 0.5 Relative impact on schedule 0.9 0.8 0.8 Total...
tracking img