Write a two- to four-page paper regarding a project, either real or fictitious, where one is able to discuss how risks were identified, ranked, and monitored. The student is also welcome to write about a major purchase or major decision in his or her life, such as buying a new car, buying a new home, or even the decision to return to school to earn a degree. All of these are considered projects or procurements that require some form of formal or informal risk review. Your project and the risks you identify should be significant enough to merit the risk management process. The risks should not just be typical but should actually put the project in jeopardy. You should use a risk register to support the process of identification, ranking, and monitoring. You do need to illustrate the use of your process with actual risks discussed in your project.
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