4. Qualitative Risk Assessment. Imagine that you are a member of a project team that has been
charged to develop a new product for the residential building industry. Using a qualitative risk
analysis matrix, develop a risk assessment for a project based on the following information:
Identified risk factors Likelihood 1. Key team members pulled off project 1. High 2. Chance of
economic downturn 2. Low 3. Project funding cut 3. Medium 4. Project scope changes 4. High 5.
Poor spec. performance 5. Low Based on this information, how would you rate the consequences
of each of the identified risk factors? Why? Construct the risk matrix and classify each of the risk
factors in the matrix..
4 Qualitative Risk Assessment Imagine that you are a membe.pdf
1. 4. Qualitative Risk Assessment. Imagine that you are a member of a project team that has been
charged to develop a new product for the residential building industry. Using a qualitative risk
analysis matrix, develop a risk assessment for a project based on the following information:
Identified risk factors Likelihood 1. Key team members pulled off project 1. High 2. Chance of
economic downturn 2. Low 3. Project funding cut 3. Medium 4. Project scope changes 4. High 5.
Poor spec. performance 5. Low Based on this information, how would you rate the consequences
of each of the identified risk factors? Why? Construct the risk matrix and classify each of the risk
factors in the matrix.
