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Pm 584 Qualitative Risk Assessment

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Quantitative Risk Assessment
PM/584
October 2015
Deborah Reid

Quantitative Risk Assessment

The following paper will cover a revision to the Kudler Fine Foods newsletter with coupons for a promotional items project background clarifying the project scope, requirements, schedule, quality and constraints. This paper will also include an updated risk identification framework, qualified and quantified risk matrix, and prioritized risk register.

Revised Project Background

The basic project is the design of a monthly newsletter with coupons for promotional items using the current customer demographic database. The project timeline is 9 months with a budget of $75,000. The majority of the budget will be spent on securing a design agency, and printing and mailing of the newsletter. Some will be allocated to the maintenance and updating of the current database information.

First Month:

• As Kudler Fine Foods does not have the talent in house required to design the newsletter an external design agency will have to be utilized. This will require the publication of a Request for Proposals (RFPs) to be forwarded to design agencies. Once the RFP’s have been received a review by management and the project team will be required for the selection process, this should be accomplished within the first month of the project timeline.

Second/Third Months

• Once the design agency has been selected the design of the newsletter will begin and should be completed for the first review by the management and project team at the end of the second month.

• Concurrently with the design of newsletter management will have to decide which promotional items will be offered using coupons so the information can be added to the newsletter design.

Fourth/Fifth Months:

• All

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