Scenarios 3 Risk Scale
University of Phoenix Material
Risk Identification Scenarios
Review each of the following scenarios and identify the risk events, the probability of those risks, and the impact of the risk events. Some scenarios may have more risks than others.
Scenario Three
A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, “Make this product better.” The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.
Risk event
Probability of risk event
(1=high; 3=medium; 5=low)
Impact of risk event
(1=high; 3=medium; 5=low)
Product Quality
3
3
Designing Collaboration
1
1
Cost
3
3
Risk Identification Scenarios
Review each of the following scenarios and identify the risk events, the probability of those risks, and the impact of the risk events. Some scenarios may have more risks than others.
Scenario Three
A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, “Make this product better.” The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.
Risk event
Probability of risk event
(1=high; 3=medium; 5=low)
Impact of risk event
(1=high; 3=medium; 5=low)
Product Quality
3
3
Designing Collaboration
1
1
Cost
3
3