RISK REGISTER EXERCISE

You will complete a Risk Register for your on-going Business Case project. Provide your Business Case. You will then complete the
Risk Register in the template provided on the next page. Format the document so it is legible and easily read. You can adjust the row
height or column width to achieve this formatting. Do not allow a single row to be split between two pages. The information required
in each of the columns is as follows:

Risk Description: Identify the Risk associated with the Deliverable. Risks need to be known unknowns and not failure of planning or
management.
Impact Statement: This is a narrative of potential overall impact if the risk should occur. This statement should thoroughly justify
scores provided in Impact and Probability columns.
Deliverable: This will be the associated Deliverable from your Project Scope/WBS. Identify one risk for each of your six (6)
Deliverables.
Probability (Column P): This is a score of 1-5. A score of 1 would be if the probability of the risk occurring is very slight and a score
of 5 is that it will almost definitely occur.
Impact (Column I): This is a score of 1-5. A score of 1 would be the impact would have little impact if the risk occurs and a score of
5 would be catastrophic impact if risk event occurs.
Score (Column X): This is the Probability multiplied by the Impact.
Risk Response Strategy: This should be a detailed explanation on how to respond to the risk event. This must include direct
correlation to the scores assigned to Probability/Impact. You will identify at least one of the Risk Responses from the textbook to
utilize and explain the strategy for using this Response.

Business Case:
The project Peachtree Street Shared Space is to transform Peachtree Street from North Avenue to Marietta by making more public
spaces for sidewalks giving priority to pedestrians in 5 years before 2026. The impacts on Peachtree Street Downtown can be seen in
internally facing retail, a lack of neighborhood-focused amenities, minimal pedestrian activity outside of daytime working hours, and
an unwelcoming public realm for Atlantans. This causes the need for transformation. The project in four segments will develop shared
space for pedestrians, cyclists, and slow-moving vehicles, with pedestrian-only comfort zones on the edges. The budget for the project
is $1,200,000.

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RISK REGISTER EXERCISE

Risk Description Impact Statement Deliverable P I X Risk Response Strategy
1 The permit for food truck

locations and constructions
was delayed or the permit
was not obtained.

The goal of making
public space will not be
complete. The timeline
will be delayed. The
outdoor events cannot
happen.

1. Retrofit
surrounding
streets as
needed to
transition
smoothly into
the shared space
and manage
traffic

2 4 8  Take help with the park and
recs and transportation
department to get all the
right documents and fill
them in correctly to get the
permit.

 List all Prerequisites for
getting a permit and fulfill
them.

2 Bad Weather can delay
construction and can have
a negative impact on the
schedule.

Construction of lane
reduction and wider
walking roads will be
delayed. Potential
longer Road blockage
resulting in more traffic

2.
Transportation

4 4 16  Be proactive in monitoring
upcoming weather reports
and plan site activities
accordingly.

 Develop a plan to include
these delays during the
planning phase.

3 Unavailability of portable
water stations and
restrooms

It will negatively
impact public
engagement activities
or any outdoor event.

3. Land use and
Urban Design
Policy

3 5 15  Contact multiple vendors
and have multiple points of
contact to ensure the
availability of this
equipment during the event.

 Check the weather and be
proactive so the weather
does not affect the late
delivery pf the types of
equipment.

4 Lack of participation in
different activities

The project can fail if
people do not
participate or enjoy the
public shared space

4. Equity and
Inclusion

5 5 25  Plan different workshops
that include different age
groups, different
professions, and different

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RISK REGISTER EXERCISE

cultures.
5 Management needs are not

identified properly
impacting scope creep.

The risks for extra
costs for maintenance
and maintaining space

5. Participation,
Governance,
stewardship,
and Branding

2 2 4  Work with the State to
define infrastructure
requirements and ensure we

 are providing any necessary
information

6 Delays in the procurement
process may negatively
impact the project
schedules

The inability to acquire
resources
in a timely manner may
negatively impact
related activities such
as setting up outdoor
working facilities, local
markets, and installing
lighting.

6. Enliven the
street

3 3 9  Plan delay of materials
during the timeline of the
project.

 Plan for the extra resources
available to work overtime
and help install in a timely
manner.

 Reserve extra funds for the
speedy delivery and
overtime work.

This study source was downloaded by 100000775142067 from CourseHero.com on 02-08-2024 09:47:18 GMT -06:00

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