Continue with the project that you identified during Unit 2’s discussion, for which you were a member of a team that was involved in a project.
- Identify your project and provide a brief scope statement.
- What type of project risks did your project team face? Include at least one risk (and explanation) from each:
- Financial Risk
- Technical Risk
- Commercial Risk
- Execution Risk
- Contractual or Legal Risk
- What type of risk mitigation strategies did your project team use and was the strategy successful? In hindsight, would another approach have been better?
- What types of costs were present in your project? Include examples of fixed costs, variable costs, nonrecurring, and recurring costs.
- Lastly, what approach was used to estimate and budget the project (Top-Down, Bottom-Up, or Activity-Based)? Were any contingencies used? Explain