As Intuit, Inc. prepares to transition to cloud-based applications, the development team has foreseen potential issues and challenges that could negatively impact the project. Complete Parts 1 and 2 below to identify and assess at least 12 risks to the project.

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Project Risk Assessment Template

As Intuit, Inc. prepares to transition to cloud-based applications, the development team has foreseen potential issues and challenges that could negatively impact the project. Complete Parts 1 and 2 below to identify and assess at least 12 risks to the project.

Part 1: Risk Assessment Table
Use the table below to list 12 risks to the project, identify the risk level and likelihood of each, and provide mitigation strategies that would reduce the impact and likelihood of each event. There should be at least 5 high-level risks.

Note: Examples have been provided in the first 3 rows of the table. You may not use the provided examples.

Risk Level

· Low (L): minimal impact to finance and time to completion

· Medium (M): medium impact to finance and time to completion

· High (H): high impact that may jeopardize the success of the project

Likelihood of Event

· Certainty: 90–100% chance of happening

· Likely: 70–89% chance of happening

· Somewhat likely: 40–69% chance of happening

· Unlikely: 0–39% chance of happening

Risk

Risk Level L/M/H

Likelihood of Event

Mitigation Strategy

Number of Interfaces to Existing Systems Affected

H: Over 3

Certainty

Develop interface control document immediately

Narrow Knowledge Level of Users

M: Knowledgeable of user area only

Likely

Assigned Project Manager(s) to assess global implications

Timeline Estimates Unrealistic

M: Timeline assumes no derailment

Somewhat likely

Timeline reviewed monthly by three groups (Project Manager and Steering Committee) to prevent undetected timeline departures

Part 2: Risk Assessment Report
Provide a comprehensive description of each high-level risk, including a justification of your analysis and mitigation strategy.

Copyright 2020 by University of Phoenix. All rights reserved.

Copyright 2020 by University of Phoenix. All rights reserved.