Determine which specific techniques are more applicable to risk evaluation and assessment process that, positively, impact the project.

 Risk Analysis and Assessment

Complete Section 3 – Risk Analysis and Assessment, of the risk management plan by developing a risk matrix that will be used to assess the probability of risks for your chosen case study or work project.

A project manager must determine which specific techniques are more applicable to risk evaluation and assessment process that, positively, impact the project. First, the project manager evaluates and assesses the risks, and then determines how to quantify or qualify each risk.

Finally, prioritize the risk to determine the most effective mitigation strategy. The key is to be able to compare the different types of techniques and determine their advantages and disadvantages based on evaluation and assessment.

Insights may come from anywhere. The following anecdote might not necessarily be true, but the message rings true nonetheless: A tall truck tried to drive under a bridge and managed to wedge itself underneath. It was thoroughly stuck.

As adults pondered costly and time-consuming major modifications to either the bridge or the truck, a child who was among the onlookers said, “Hey, why don’t you just let some of the air out of the tires?”

You never know who will have a solution to your problem. It is not always the experts who come up with the best ideas.

Preparation
Microsoft Project is the recommended software tool for this course due to its wide industry acceptance and its use in many project management professional roles. This is provided to you through MS Imagine.

Microsoft Software
1. If you have a Capella MS Imagine account, go to Step 2. Otherwise, see the instructions for registering an account at MS Imagine: Registration.

2. Log into the Capella Microsoft Imagine WebStore. 3. Identify the verAsion of MS Visio 2016 and Project Professional 2016 that is compatible with your operating system. 4. Download and install.

If you encounter any difficulties in the download and installation process, post a detailed question in the Ask Your Faculty Discussion in the menu dropdown when you click the image of your faculty.

Introduction
This assessment includes developing a risk analysis and assessment for a risk management plan. Review the Risk Management Plan Template before beginning this assessment. Note: Developing a risk management plan for a
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