Project requirements/risk/cost paper | Business & Finance homework help
Project Requirements Matrix:
Requirement | Status
—|—
Research | Complete
Goal Setting | Complete
Project Plan Development | In Progress
Timeline Creation | Pending
Team Member Assignments| Completed
Risk Assessment Matrix:
Risk Description | Probability of Occurrence (Low-High)| Impact (Low-High) | Mitigation Strategy | Status
Time constraints from team members | High | Medium | Scheduling regular meetings and providing timely updates on progress |–In Progress–
Lack of knowledge about subject matter in some team members High Low Allocating tasks to those with the most relevant experience –Pending–
Cost Breakdown:
Item Price ($) Quantity Total ($)
Research Materials 50 4 200
Travel Expenses 100 8 800
Technology Fees 10 2 20