Identify three risks for the given scenario. How did these risks change as a project progressed? What changes should be made to the risk assessment matrix to control the risks?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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When the client's image team sends the first round of selections to Marlena's team for review, Tim (an editor on the team) notices that several of the images are iconic images that he has seen in other publications. He researches these images to check copyright information and finds that four of the five images cannot be used in the book without paying significant costs that are out of budget. Marlena tells the client's image team that the images have been rejected for copyright issues and must be replaced with new selections. The second round of images sent for review is also found to be problematic. Again, Marlena informs the client's team that several images must be changed.

At this point, Marlena's team has spent a lot of time reviewing and researching copyrights for images, and she fears that many more rounds may cause the team to expend all of their budgeted hours before this phase of the project has been complete. She recognizes that although the client's team is slated to select images for all the books, it has been a struggle to select images for the first book. Her concerns are compounded when a representative for the client mentions that Marlena's team would be better off selecting the images internally and suggests that they just go ahead and do that.

  1. Identify three risks for the given scenario.
  2. How did these risks change as a project progressed?
  3. What changes should be made to the risk assessment matrix to control the risks?
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