Risk no.

Identified risk

Students may show up late

Delay in reaching to the destination due to transportation

Unavailability of tickets during the whole month

4
5

Schools terms and conditions that may lead to cancellation of the

project tour
Bad weather conditions

Unavailability of tour guide at the planned date

Health issues with any stakeholder

Dr. Gabriel Hustons class may last longer

Risk
no.

Identified risk

Qualitative risk analysis

Students may show up late

Delay in reaching to the destination

due to transportation
Unavailability of tickets during the
whole month
Schools terms and conditions that
may lead to cancellation of the project
tour
Bad weather conditions

3
4

5
6
7
8

Unavailability of tour guide at the

planned date
Health issues with any stakeholder
Dr. Gabriel Hustons class may last
longer

High
Probability

Medium

Low
Low

Risk 1
Risk 5
Risk 7

Risk 3
Risk 8

Risk 2

Risk 4
Risk 6

Medium
Impact

High

Risk
Identified risk
no.
1
Students may show up late
2
3
4

5
6
7
8

Risk
No.

Students may get less quality education

due to lack of time
Students get may less quality education
due to lack of time
Unsuccessful Project

Unsuccessful Project

Time constrain cost

Unavailability of tour guide at the

planned date
Health issues with any stakeholder

Unsuccessful Project

Dr. Gabriel Hustons class may last

longer

Delay in reaching to the destination

due to transportation
Unavailability of tickets during the
whole month
Schools terms and conditions that
may lead to cancellation of the
project tour
Bad weather conditions

Cost associated

7
Time constrain cost

Sensitivity analysis

Strategies for negative risks

Avoid
change the method/type of transportation
Transfer
Change the date of excursion
Mitigate
Set the departure time early
Accept
No plan to deal with risk no. 7

Lessons learned
How to negotiate to reduce the cost of the tickets.
Public Transportation can be a good alternative if personal car can not be
used.
Pay attention to milestones and avoiding delay.
Formal communication is very important to avoid any risk.
How to implement ten knowledge areas in 5 process groups for managing
our project.
How to execute a trip with around 25 participants.

Tools for next semester

Different methods for selecting project. (ROI, NPV, Weighted Scoring model).
Earned Value Management
Work Breakdown structure for scope management
PERT weighted average: (optimistic + (4x most likely)+ pessimistic) / 6
Critical path method (CPM)
Risk Analysis

5 Conflict-Handling modes