PART 1 | Introduction to Part 2 | Risk Management Planning 
Qualitative Risk Analysis | Quantitative Risk Analysis | Risk Response Planning
Risk Monitoring and Control | Conclusion | Part 2 - Case Study Exercises

Part 2 - Case Study Exercises

Clearly, Project Risk Management was a major concern in The Great Escape project, so carry out the following exercises to identify and analyze the project risks involved. Preferably, work as a team to develop responses as though you were working in a Project Management Office (PMO) for this project.

1. Identify how risk management should be practiced through each stage of the project.
2. Play out scenarios that recognize overall areas of risk, and then identify specific risks.
3. First, because it is simpler and easier to do so, complete a qualitative risk analysis for each specific risk you have identified.
4. Collect metrics that quantify each of these risks in terms of calculating the cost of impact of each risk, and sort in priority order.
5. Plan risk responses that are realistic, even though some have to be just simply accepted.

Conclusion

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