Project Assignment

Perform a Qualitative Risk Analysis

1.Risk Register

WBS Risk Responsible Likelihood Impact Cost Schedule

ID Severity Priority Mitigation Plan
Ref Description Person Rating Rating Impact Impact
Weather
Develop alternative 1-2 days
delays Gerald $10,000 per
R1 1.1.3 High (4) High (5) 20 High delivery methods delay per
affecting Hasper (GPH) incident
for bad weather incident
deliveries

Drone Schedule
Eileen 3 days
system Medium additional $5,000 per
R2 2.2.1 Seymour Medium (3) 9 Medium delay per
integration (3) integration testing issue
(ERS) issue
issues and redundancy

No
Regulatory Engage in ongoing $15,000
Katie O’Ryan significant
R3 3.1.2 compliance Low (2) High (5) 10 High dialogue with annual
(KRO) schedule
changes regulatory bodies compliance
impact

Implement
Data $20,000 5 days
William Scott advanced
R4 4.3.3 breach High (4) High (5) 20 High initial, additional
(WKS) encryption and
risks $5,000/year setup
security measures

No
Customer Linda Launch customer
Medium $10,000 for significant
R5 1.2.1 adoption Thornton Medium (3) 12 Medium education and
(4) program schedule
resistance (LET) support programs
impact
 Increase
Technical $2,000 per 1-2 days
William Holt maintenance
R6 2.1.3 failure of Medium (3) High (5) 15 High drone per delay per
(WKH) checks and pre-
drones month incident
flight inspections

Contract Set clear timelines $8,000 per 5-7 days

Jordan Medium
R7 3.2.2 negotiation Medium (3) 12 Medium and milestone delay delay per
Kempler (JXK) (4)
delays deadlines incident incident

2. Likelihood Rating Matrix 3. Impact Rating Matrix

Likelihood Rating Description Impact Rating Description

Rarely occurs Minor impact with slight cost

Very Low 1 (Less than 10% Low 2
increase or schedule delay
chance)
Moderate impact with notable
Unlikely to occur Medium 3 cost increase or schedule
Low 2
(10-30% chance) delay
Possible but not Significant impact with
Medium 3 frequent (30-50% High 4 substantial cost increase or
chance) schedule delay
Critical impact with severe
Likely to occur (50- Very High 5 cost increase or schedule
High 4
70% chance) delay, project-threatening
Almost certain to
Very High 5 occur (Greater
than 70% chance)
4. Risk Assessment Matrix

Likelihood \
1 (Very Low) 2 (Low) 3 (Medium) 4 (High) 5 (Very High)
Impact

(Very Low) 1 2 3 4 5
(Low) 2 4 6 8 10
(Medium) 3 6 9 12 15
(High) 4 8 12 16 20
(Very High) 5 10 15 20 25