Hello,

Here are the instructions:

For this activity, you are continuing with your hypothetical role as the project sponsor/manager for the development and implementation of a new inventory system at your company. Having received the “go ahead” from the Approval Committee, you will now conduct a Risk Assessment.

A Risk Assessment will track the potential risks associated with the project and evaluate the likelihood of a risk and its potential impact on the project. As the project sponsor/manager, you will create many Risk Assessments in the Analysis Phase by prioritizing the risks according to their magnitude and importance. The dynamic Risk Assessment deliverable will generally be modified during the project as risks are removed or others surface.

Create a Risk Assessment utilizing Microsoft Word. Before you begin to work on this activity, refer to this Risk Assessment Example (DOCX) and the Risk Assessment example in the textbook.

Select this Risk Assessment Template (DOCX) and fill in the template with the appropriate hypothetical business data. When you evaluate the various risks that might be present when developing the inventory management system, consider those that might be related to an aviation-related company.

Provide data for the four types of risk. Submit your analysis data in a document that addresses the following:

Image is attached.

Grading Rubic:

MGMT 321 2.2 Practical Exercise Rubric