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Bmgt6031 Project Management|Project Objectives Assessment Answer

Risk is an uncertain event or condition that if it occurs has a positive or negative effect on project objectives.
Q1 As a team, discuss and identify possible risks to your event. Choose 3 risks out of those your team have identified and justify why you consider these as risks to the project.
Q2 Using the three risks you have identified in the previous question, perform an analysis of probability and consequences. Plot your identified risks along a risk impact matrix based on probability (low, medium, high) and consequences (low, medium, high). Determine whether each risk is a major, minor, or moderate risk factor for your project.




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