Risk and Read Running Case

Topics: Risk, Incentive, Project management Pages: 3 (666 words) Published: March 19, 2011
Chapter 11: Read Running Case and answer all three tasks.

Running Case
Tony and his team identified some risks the first month of the Recreation and Wellness Intranet Project. However, all they did was document them in a list. They never ranked them or developed any response strategies. Since several problems have been occurring on the project, such as key team members leaving the company, users being uncooperative, and team members not providing good status information, Tony has decided to be more proactive in managing risks. He also wants to address positive as well as negative risks. Task #

1. Create a risk register for the project, using Table 11-5 and the data below it as a guide. Identify six potential risks, including risks related to the problems described above. Include negative and positive risks.

2. Plot the six risks on a probability/impact matrix, using Figure 11-7. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 being low and 10 being high. For a simple risk factor calculation, multiply these two values (the probability score and the impact score). Add a column to your risk register to the right of the impact column called Risk Score. Enter the new data in the risk register. Write your rationale for how you determined the scores for one of the negative risks and one of the positive risks.

risk| probability| impact| risk score|
Attrition| 30| 4| 120|
Uncoop users| 20| 2| 40|
poor info| 25| 2| 50|
Improve team health| 15| 1| 15|
Earn bonuses| 10| 1| 10|

Chapter 12: Read Running Case and answer all three tasks.

Running Case
Senior management at Manage Your Health, Inc. (MYH) decided that it would be best to outsource the work involved in training employees on the soon to be rolled-out Recreation and Wellness system and providing incentives for employees to use the...
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