16 Feb Risk Management
Order Instructions
While risk identification is largely a subjective matter, risk factoring adds a more objective basis to the risk assessment. This section should include a general discussion of the highlights of the risk factoring process, and should also include an expanded risk register that adds the fundamental equation of expected value to each of the individual risks. This provides a means for prioritizing among the risks in the risk register and for guiding the eventual mathematical assessment of total project risk.
Assign a $$ or time value and a likelihood to each risk in the risk register.
Just including the risk factoring in the risk register is not sufficient for this section. Some individual critical commentary about what the result of the factoring process means is required for anyone who reads this section, providing an understanding of the implications of this process.
**Risk factoring starts at chapter 7
