Course Project
Project Risk Management

Contents
Introduction 4
Statement of work 5
Statement of Work—Project Description and 6
WBS 8
Risk Analysis and Probability Matrix – Qualitative Analysis 10
Risk Register 11
Decision Tree 11
Decision Tree Analysis 11
Fault Analysis Tree 12
Fault Tree Analysis Summary 12
Conclusions 13
Works Cited 13

Introduction
Sherdon and Anissa Webb have been working parents for over 18 years. Both individuals understand the hardship of starting out and making yourself marketable in the corporate world. Now that their eldest son is in college, and they have seen how hard it was for him to get summer jobs and student work studies, they want to make the path a bit easier for their younger children. Their hope is to start a small business that will eventually become a family affair. This business will help the community as well as allow their children to have summer work growing up and instill in them the entrepreneurial spirit.

As part of working class America, Sherdon and Anissa do not have a lot of income at their disposal. They will be investing all of their savings into this business, therefore, proper planning is a must.

The business that they have decided to open is an employment agency. After researching the industry, both feel as though there is a market for this service and that the time it will take to open the business is reasonable. Additionally, they believe that if they can use a line of credit, their initial investment will be low and their risk a bit lower compared to other industries.

To begin their journey to small business ownership, Sherdon and Anissa will approach their planning by way of using a project plan, especially focusing on managing their risks as they have a lot at stake.

Statement of work