PROJECT RISK

Question 1: Three parts – a) Identify 8 project risks that could be rated or quantified in order to provide appropriate risk data for Mexi-Energy’s Management team to analyze. b) Format these identified risks into a Table for the Mexi-Energy PM Committee review. Limit the Table to one full page. c) Using the scale on the last page of this exam, rate the risks quantitatively and then rank them highest to low (called prioritization). Review the quantitative scale on the last page of this exam as you construct your table so that headings are correct. d) Then explain, in full sentences, how the Management team can calculate probabilities/likelihood of risk and impact upon this project to calculate an overall “risk score” (limit: one paragraph). Question 2. Based upon your understanding terminology studied in the Kendrick textbook, how can “crashing” be utilized by Mexi-Energy management? Discuss in complete sentences. Two paragraph limit