Imagine that you are a member of a project team that has been charged

QUESTION

Imagine that you are a member of a project team that has been charged with developing a new product for the residential building industry. Using a qualitative risk analysis matrix, develop a risk assessment for a project based on the following information: :

Identified risk factors Likelihood

1.  Key team members pulled off project        Â  1.  High

2.  Chance of economic downturn             Â  2.  Low

3.  Project funding cut                        3.  Medium

 

ANSWER:

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