Watch this video, but note that we are not expecting you to produce a Pert chart.

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Consider a risk you need to be aware of in your project. Describe the risk, its impact and probability of happening.
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Read the section on Risk Evaluation in the prescribed textbook (Web | PDF), Chapter 16 (pages 143-144 in the PDF version).

Thinking about the risks you previously identified, assess the impact and likelihood of the risks (fig 16.3). Are they:

  • High impact and likely to occur
  • Low impact and likely to occur
  • High impact but unlikely to occur
  • Low impact and unlikely to occur