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Kayla KornelisClosed06No suitable businesslocation Low - 2Low to Medium – 4-6Low to Medium – 4-6Accept w/ contingencyplan – plan is in place ifFocus on foundation builds on customer’s Lacy KornelisOpenRevised to accommodate PMBOK® 4thedition3
Risk Matrixfound – i.e. not enough land or large enough buildingthere is a likelihood of a risk occurring although theprobability is low.property and conduct business fromPM’s home w/ PO Box for mailing address07Compliance issuesLow – 2-3High – 8-9Medium – 5-6Exploit – Projects can and should be adjusted to take advantage of a change in new markets and regulations. Keeping abreast of all compliancesmay breed inherent trust with customersKeep up withupdated compliances. Regularly check licenses/permits and certifications.Lacy KornelisOpen08Social media and digital marketing may Medium - 5Medium - 5Medium - 5Shared – Anopportunity is share witha partner, i.e. new technology Conduct a multi-phase revision process. Create focus groups/surveLacy Kornelis/Kayla KornelisClosedRevised to accommodate PMBOK® 4thedition4
Risk Matrixnot convey key points of businessand improved designs, to maximize the benefits.