Risk Management – Chistie

Risk Management – Chistie

Project title is Franchising Starbucks, and Risk management detail as: The number of risks will depend on the project deliverables in your schedule; however, 20–25 positive and 20–25 negative risks would be considered the minimum. Review the instructions on the first sheet of the template and complete your risk register in its entirety.

Risk Register
ID Risk Name Risk Description Impact Probability Risk Ranking Positive/Negative Proactive Response Plan Trigger Event Reactive Contingency Plan
VH,H,M,L,VL VH,H,M,L,VL What is the risk color code ? Is this a positive or negative risk from the risk matrix? What proactively can be attempted to make the risk happen or prevent it? What do you think will trigger the event? What are your backup plans if the risk should occur?
1 Example: please remove before completing document. Critical equipment does not arrive on time. If critical pieces of equipment do not arrive on time, the project will fall behind schedule. H H Red Negative 1. Add activities to the WBS to ensure with the manufacturer that the equipment is being built or shipped as required. 2. Have a member of project team go to the manufacturing plant to ensure equipment parts are in progress and on schedule. 3. Add steps to the WBS to ensure the manufacturer ships on time. 4. Add steps to WBS to track the shipment as needed. Parts do not ship on assigned date. If possible, have a backup supplier identified and standing by.
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