Risk and Issue Exercise Tasks Risks Tasks 1

Risk and Issue Exercise Tasks Risks: Tasks 1 - 4 1) Risk Identification: Develop risk statements for each of the THREE assigned risks and record them on the risk matrix template provided. 2) Risk Analysis: Determine probability/consequence of each risk and plot all THREE risks (using assigned letter identifiers) on the risk matrix template provided. Be prepared to explain rationale for the selected probability and consequence for each of the THREE risks assigned. Note that the exercise artifacts contain a tailored likelihood table and consequence table based on a notional Bull Dog TMRR phase schedule and budget. Teams must use these tables to facilitate their analysis. Also note that the TMRR budget is $33 M. 3) Risk Mitigation: Develop a risk mitigation strategy for the HIGHEST PRIORITY risk of the THREE assigned based on risk analysis. 4) Risk Monitoring: Develop a risk monitoring strategy for the HIGHEST PRIORITY risk of the THREE assigned based on risk analysis. Issue: Task 5 5) Technical Issue: As a team, decide on the best solution for the ONE technical issue assigned and explain why using the template provided. Three or more solutions are provided per issue. 1

Team # • List titles of the THREE risks assigned and briefly explain each for the class ‒X ‒X ‒X • List title of the ONE issue assigned 2

Task 1 (Risk Identification) and Task 2 (Risk Analysis): Bull Dog Risk Matrix Risk Statement #1 (Insert letter identifier for risk assigned): (If xxxxx, Then xxxxx, Resulting in (cost/schedule/and or performance impacts). Risk Statement #2 (Insert letter identifier for risk assigned): (If xxxxx, Then xxxxx, Resulting in (cost/schedule/and or performance impacts). Risk Statement #3 (Insert letter identifier for risk assigned): (If xxxxx, Then xxxxx, Resulting in (cost/schedule/and or performance impacts). Annotate team risks assigned using letter identifiers (for example A, B, and C) on respective risk matrix locations based on your risk analysis (insert text box). Be prepared to explain the rationale for your selected probability and consequence for each of the THREE risks assigned. 3

Task 3: Risk Mitigation • Develop a risk mitigation strategy for the HIGHEST PRIORITY risk of the THREE assigned based on risk analysis. ‒ What is the plan to mitigate the risk? Will the risk be accepted, avoided, transferred, or controlled (or some combination thereof)? ‒ Identify the functional roles including specialty SMEs needed for your mitigation strategy. Include experience level and “Additional Resources” needed. Identify critical actions required, who will initiate them, and any time constraints. 4

Task 4: Risk Monitoring • Develop a risk monitoring strategy for the HIGHEST PRIORITY risk of the THREE assigned based on risk analysis. ‒ How should the Bull Dog team communicate risks being managed? ‒ How often should the Bull Dog team meet and who should lead the discussions? ‒ How will the Bull Dog team know when mitigation steps have been successful? 5

Task 5: Technical Issue • • • Briefly explain the one TECHNICAL issue assigned Briefly share three solution options Which solution did the team decided was the best and why? 6