Copy of Week 5 course project

Copy of Week 5 course project - Constrain Scope Time Budget...

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Constrain Enhance Accept Scope Time Budget
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Defined Conditions for Risk Management Analysis Relative or Numerical Scales Very Low - 1 Low - 2 Moderate - 3 High - 4 Very High - 5 Cost < 10% cost increase 10-20% cost increase > 40% cost increase Time < 5% time increase 5-10% time increase > 20% time increase Scope Quality Project Objective Insignificant cost increase 20-40% cost increase Insignificant time increase 10-20% cost increase Scope decrease barely noticeable Minor areas of scope affected Major areas of scope are affected Scope reduction unacceptable to sponsor Project end item is effectively useless Quality degredation barely noticeable Only very demanding applications are affected Quality Reduction requires sponsor approval Quality reduction unacceptable to sponsor Project end item is effectively useless
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Risk Management Analysis TEMPLATE RISK EVALUATION Risk Probability Cost Schedule Scope Quality Risk Score Increase in the number of competitors 40% 3 2 4 1 4.0 Increase in the price of the raw materials 30% 5 2 3 2 3.6
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