Review the following section from your course textbook: Chapter 4, Project Responsibility and Accountability, and Risk Assessment and Management Plan. All projects and change initiatives face some type of risk. The larger the project, the more risks there are and the more significant the impact that the risk will have on your project should it arise. For your graded assignment this week you will be constructing a risk register. Your text suggests five steps in documenting a response to the risk: Identify Risk—Internal and external including vendors; what are the skill levels of all Assess Risk—Prioritize low, medium, high Manage Risk—Determine—Remove, shift, and decrease impact; reassess Monitor and Control Each Risk—For higher risk, implement more frequent monitoring Establish an Ongoing Management Plan for Risk Assessment—that requires constant review; update and remove those risks not impacting project Identify one risk that you will include on your risk register and address each of the five steps for that risk.
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