After 3 weeks of mid semester break, our happy times are OVER and we need to go back to school again! Today’s lecture is about Risk Management, we learned about the process to manage risk in a project such as risk identification, risk analysis and prioritization and risk control. After some practices on the risk analysis, our lecturer assigned us to work on the Tutorial 5, which needs us to use the WBS to carry out a Risk Assessment and analyze our project. We need to discuss the top 5 issues and select 2 of the top risks and predicting the impact on cost and schedule.
OMG!! We need to come out for group discussing again on weekend! Really tiring :(……..
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Prioritizing Risks by Scoring |
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| Possible Solutions for Top 5 Risk Items |
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| Impact to the project |
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