In this assignment, you will develop a risk matrix that analyzes key risks from one of the mini-case studies. You will analyze the cause of each risk, estimate its probability of occurrence and its potential impact, and recommend a response to each risk. You will also analyze the skills and competencies needed by team members in order to effectively manage project risk.
Write a 3 page paper in which you:
- Develop a risk matrix that identifies each risk, describes the cause of it, estimates the probability of occurrence and the impact, and provides a recommended response.
- Discuss at least three skills or competencies that team members need in order to be effective in identifying and managing risks at Global Green Books Publishing and provide a rationale for your choices.
- Locate at least TWO QUALITY RESOURCES other than your textbook to use in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
The specific course learning outcome associated with this assignment is:
- Examine the competencies and skills needed for effective risk management based on challenges at a given company