Risk Analysis & Budgeting Using Excel
Description
Assessing risk factors and defining project costs are important
components of project planning. This assignment allows you to work
through different risk and cost assessment activities using Microsoft
Excel.
Click here to download the Microsoft Excel template to use for this assignment.

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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
information provided in the Excel template. Based on this information,
how would you rate the consequences of each of the identified risk
factors? Why? Construct a risk matrix and classify each of the risk
factors in the matrix. -
Risk Mitigation Strategies. Develop a preliminary risk
mitigation strategy for each of the risk factors identified in the prior
question. If you were to prioritize your efforts, which risk factors
would you address first? Why? -
Quantitative Risk Assessment. Review the probability
and consequence data provided in the Excel template. Calculate the
overall risk factor for this project. Would you assess this level of
risk as low, moderate, or high? Why? - Cost of Labor. Calculate the fully loaded cost of labor for your project team using the data provided in the Excel template.
- Planned and Cumulative Costs. Calculate the planned and cumulative costs for the time-phased budget information provided in the Excel template.
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Complexity Cost Weighting. As a Project Manager are
asked to compute the expected costs of a software project at your
organization. Calculate the total estimated number of function points
and total expected cost for the project data provided in the Excel
template.
References:
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