Instructional design/WBT risks/Lesson Conclusion

Instructional Design: Homepage > Identifying WBT Risks >  Risky Business >  Step 1: Identify >  Your Turn - Risk Identification >  Step 2: Prioritize >  Your Turn - Risk Prioritization >  Step 3: Mitigate >  Your Turn - Risk Mitigation >  The Risk Plan > Lesson Conclusion

Congratulations
Congratulations! You have completed this lesson. In this lesson, you learned and practiced applying the three steps for risk planning. You should now be able to create a risk plan for your next WBT project and increase the likelihood of delivering the final product on time, on budget, and within scope.

Summary

 * The three steps in the risk planning process are: identify potential projects risks, prioritize project risks, and mitigate project risks.
 * The output of the risk planning process is the risk plan.
 * The development team and other key stakeholders identify all potential projects risks via a brainstorming session.
 * Project risks should be specific and focused on events that could prevent the development team from accomplishing a project objective.
 * The development team ranks each project risk based on the probability of it occurring and its potential impact on the project.
 * Once probability and impact rankings are assigned, calculate the priority of each risk by multiplying its probability by its impact.
 * To mitigate a risk, the development team may decide to alter the project plan, add additional tasks, or plan for risks.