Comparison of Alternative Project Options

After the analysis of the project’s business problem or opportunity, the template examines in detail each of Project Options that were considered. These should have been chosen above, so that the template automatically named and filled in a brief description at the beginning of each detailed section. The next detail studied for each option is its risks. These are considered in even more detail in the database, which is shared with this template. Please fill in a table describing each risk considered:

Risk DescriptionItems in this list are a concatenation of the Risk ID and the Risk Description. The list presented for your choice is sorted by the Description. As with other database-filled template lists, the first items are the data choices from the database. They should be only the items assigned to the project option being considered in the current document section. Some may have been marked as “All options” so will be presented in this list for each option.
The topmost item is a restatement of which option is being evaluated by this section, for your convenience and orientation. It starts with “Opt:”
After the data, there are some functions:
> Manage..The Cloud Database page will be opened in your browser so that you may define or change Project Option Risks
> Refresh ListThe template will re-read the list of Risks from the database. Select this option after making changes via the Manage.. selection above
> AddThe template initially has 3 rows for Risks, but you may need more or fewer rows. To add a Risk, select Add.
The template will copy the last row of the table, not counting the Total row, into a new row so that if you had 3 rows, now you have 4.
Knowing that the last row will be the one to be copied, you may want to take this action before making any edits to that row so that your new row will be clean.
Do not simply copy a row, insert a new row, and paste. This will not update the Risk Rating formula.
> RemoveThe row you are selecting will be removed.
Do not simply delete the row, unless it is the last row in the table. This will not update the Risk Rating formulas in the rows below.
Risk Mitigating ActionsDescribes the actions that may be taken to reduce the risk or its impact. This is read from the database and filled when you select a risk from the list, but you may elaborate further with no harm. Note that data does not upload to the database, so corrections or additions you make here stay just here.
Risk LikelihoodSubjective rating, usually 1-9, of how likely the risk is to occur.
Risk ImpactSubjective rating, usually 1-9, of how much harm the risk will cause if it occurs.
Risk RatingThe two Risk Rating columns are multiplied to give a total score. Be careful to be consistent in rating across the various options being considered.
Press F9 to refresh the math.
Items in Each Row of the Risks Table