For the project that was conceived in the Week 2 assignment, you are asked to prepare a PowerPoint presentation that will educate the project team about qualitative risk analysis and demonstrate how it is used to analyze the risks. Please ensure you explain the applicability of qualitative risk analysis and the six risk management processes as identified in the PMBOK Guide (2017). Also, explain the concepts of Likelihood and Impact (alternatively referred to as Consequences) as they pertain to qualitative risk analysis and the Risk Register. While compiling the presentation, think about your target audience, and how qualitative risk analysis indirectly and directly affects them.
In your presentation, assess Likelihood, Impact (or Consequence), and Risk Priority qualitatively, using words like High, Medium, and Low for each of the risks identified in Week 2. Do not assign numerical scores in this exercise. Note that some authors consider numerical ratings (rather than descriptive ratings like High, Medium, and Low) of Likelihood and Impact as qualitative risk analysis, some refer to it as semi-quantitative risk analysis, and others refer to it as quantitative risk analysis. In this course, you will use descriptive ratings in Week 3 and numerical ratings in Week 4.
Incorporate appropriate animations, transitions, and graphics as well as speaker notes for each slide. The speaker notes may be comprised of brief paragraphs or bulleted lists.
Length: 12-15 slides (with a separate reference slide)
Notes Length: 100-150 words for each slide
Be sure to include citations for quotations and paraphrases with references in APA format and style where appropriate. Save the file as PPT with the correct course code information.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current APA standards, and adhere to Northcentral University’s Academic Integrity Policy.
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