CIS 517 All Assignment CIS 517 All Assignment | Page 13

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4-(2-paper)
Utilizing the Delphi technique, your team constructed the following risks register the VoIP
project containing the risk, the likelihood of its occurrence on a scale of 1 (least likely) to 5
(most likely), and the potential negative impact on the project on the same scale. In addition,
they recommended the appropriate response and identified its type for one of the risks
identified.
Write a three to five (3-5) page paper in which you:
1. Explain risk management and its associated activities and defend the need for a risk
management plan.
2. Describe the Delphi technique used to identify risks and infer on types of projects where
this technique is most accurate.
3. Examine the four (4) types of risk response (i.e., avoidance, acceptance, transference, and
mitigation) and determine the appropriate situation where each should be used.
4. Complete the table with the risk response type (i.e., avoidance, acceptance, transference,
and mitigation) and a description of the response.
5. Create a decision tree with the software of your choice to address risk number 6. Assume
that when you check the schedule on day 60 of the project, it becomes evident that two (2)
additional engineers are needed to ensure on-time completion of the project. The engineers
cost $25,000 each and a fee of $120,000 is issued by the legacy provider. The probability of
completing the project on time is as follows: With the current personnel – 60%; With one (1)
engineer – 80%; With both engineers – 98%.