Project Risks, Risk Register, and Risk Analysis Halifax City has been approved to host the Olympic Games. Now the work begins. A project team has been identified to lead the project, and planning has...

Project Risks, Risk Register, and Risk Analysis

Halifax City has been approved to host the Olympic Games. Now the work begins. A project team has been identified to lead the project, and planning has begun. A number of things have to happen on time and virtually simultaneously in order to ensure a successful hosting of the games.

Here are the three things I'd like you to do:

1. Identify possible risks to the project. A risk is a specific event or condition that has an impact on at least one project objective. See PMBOK ® Guide Chapter 11, pages 409-417 and the lecture video for further reference.


2. Develop a probability and impact matrix to establish an initial priority of risks. See PMBOK ® Guide Chapter 11, pages 419-427 for further reference.


3. Develop risk responses to identified risks. The responses should be specific actions taken to effectively address the risk (Avoid, transfer, mitigate or accept alone is insufficient). See PMBOK ® Guide Chapter 11, pages 437-441 for further reference.