Quantitative Risk Assessment

Assignment Content

• Resources: Risk Management Plan Outline, assigned readings, and Quantitative Risk Assessment Grading Guide
  Write a paper of no more than 1,200 words, including tables and matrix, that includes the following:
  • Revision of project background that clarifies project scope, requirements, schedule, quality, and constraints
  • Updated risk identification framework
  • Qualified and quantified risk matrix with low, medium, and high qualitative assessments linked to quantifiable measures and risk factors, with performance of a risk assessment using a risk matrix, including:
  • Calculation of project risk factors
  • Risk quantified in terms of cost, schedule, and performance
  • Prioritized risk register, including the following:
  • Risk description
  • Initial low, medium, or high risk assessment
  • Risk priority in the overall risk management plan
• Note. A portion of this assignment is utilized in the final project.