project risk 3

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  1. Read the attached Case Study of fishing in Northern Michigan
  2. List all the likely risks that this project faces. Make the list as comprehensive as possible, but no more than 20.
  3. Assess the probability of each risk occurring and assign it a rating. Use a scale of 1 to 5. A score of 1 is very unlikely to occur and a score of 5 is very likely to occur.
  4. Estimate the impact on the project if each risk occurs. Do this for each and every risk on your list. Using the 1- 5 scale, assign 1 for little impact and 5 for extremely high impact to the project.
  5. Develop a response and contingency plan for each risk.

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