Use the identified following five cost risks , and do the qualitative analysis of risk using the risk matrix shown below?1. Scope Creep2. Uncertain Market Conditions3- Inadequate Risk Assessment4. Poorly Defined Project Requirements5. Unforeseen Site Conditions 4654321RISK ASSESSMENT - QUALITATIVE ANALYSISRisk Score = Probability Impacts54321ProbabilityVery Likely >75% Chance51-75% Chance26-50% Chance10-25% ChanceUnlikely <10% Chance×ImpactSevere Impact - Redesign Major Components, > 2 Mon. SlipSome Impact - Redesign Minor Components, 1-2 Mon. SlipSome Impact - Min. redesign, 2-4 Wk. SlipSome Impact - Min. redesign, 0-2 Wk. SlipMinimal - No redesign or Schedule ImpactStandard criteria should be part of the business risk management procedureProbability54Risk Score:510432118642215129633Impact2016128442520151055

For this project, five key cost concerns were identified: scope creep, unpredictable market…

Use the identified following five cost risks , and do the qualitative analysis of risk using the risk matrix shown below? 1. Scope Creep 2. Uncertain Market Conditions 3- Inadequate Risk Assessment 4. Poorly Defined Project Requirements 5. Unforeseen Site Conditions

Use the identified following five cost risks , and do the qualitative analysis of risk using the risk matrix shown below? 1. Scope Creep 2. Uncertain Market Conditions 3- Inadequate Risk Assessment 4. Poorly Defined Project Requirements 5. Unforeseen Site Conditions

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

46
5
4
3
2
1
RISK ASSESSMENT - QUALITATIVE ANALYSIS
Risk Score = Probability Impacts
5
4
3
2
1
Probability
Very Likely >75% Chance
51-75% Chance
26-50% Chance
10-25% Chance
Unlikely <10% Chance
×
Impact
Severe Impact - Redesign Major Components, > 2 Mon. Slip
Some Impact - Redesign Minor Components, 1-2 Mon. Slip
Some Impact - Min. redesign, 2-4 Wk. Slip
Some Impact - Min. redesign, 0-2 Wk. Slip
Minimal - No redesign or Schedule Impact
Standard criteria should be part of the business risk management procedure
Probability
5
4
Risk Score:
5
10
4
3
2
1
1
8
6
4
2
2
15
12
9
6
3
3
Impact
20
16
12
8
4
4
25
20
15
10
5
5

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