- Read the attached Case Study of fishing in Northern Michigan
- List all the likely risks that this project faces. Make the list as comprehensive as possible, but no more than 20.
- Assess the probability of each risk occurring and assign it a rating. Use a scale of 1 to 5. A score of 1 is very unlikely to occur and a score of 5 is very likely to occur.
- Estimate the impact on the project if each risk occurs. Do this for each and every risk on your list. Using the 1- 5 scale, assign 1 for little impact and 5 for extremely high impact to the project.
- Develop a response and contingency plan for each risk.
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