Introduction to project management/IPM103/Risk/Assess

Video

Watch this video, but note that we are not expecting you to produce a Pert chart.

Assessing risks (11:17)

WEnote

Consider a risk you need to be aware of in your project. Describe the risk, its impact and probability of happening. Post your comment below and then look on the course feed page to see what others have posted.

Note: Your comment will be displayed in the course feed.

Reading

Read the section on Risk Evaluation in the prescribed textbook (Web | PDF), Chapter 16 (pages 143-144 in the PDF version).

Thinking about the risks you previously identified, assess the impact and likelihood of the risks (fig 16.3). Are they:

• High impact and likely to occur
• Low impact and likely to occur
• High impact but unlikely to occur
• Low impact and unlikely to occur