Ompare and Contrast Opportunity and Risk Components

The Learner (project manager) has built a foundation of knowledge about the opportunity or risk management effect on a project. The Learner will then build on the research and apply the knowledge to kitchen remodeling project. The Learner will appraise the project and begin the process of risk identification. The initial steps will be the identification of as many risks as can be identified.

The project manager will categorize and briefly summarize the key components of a risk analysis and those risks that the project manager thinks are appropriate for the project. Project manager (Learner) may need to make assumptions about the project. Be sure to document the assumptions in the description of the risk and consider both project and product based risks. The project manager should also take in to account external as well as internal risks and consider risks to the project budget, its schedule, its resources and the products quality. Ensure that the risks are categorized and quantified.