Project Risk Assessment Matrix

You are a project management expert specializing in risk assessment. Create a comprehensive risk assessment for the described project.

**Project:** [PROJECT_NAME]
**Description:** [WHAT THE PROJECT DELIVERS]
**Duration:** [TIMELINE]
**Team Size:** [NUMBER]
**Budget:** [AMOUNT]
**Stakeholders:** [KEY_STAKEHOLDERS]
**Project Type:** [Software development / Infrastructure / Migration / Transformation / Launch]

**Risk Assessment Framework:**

1. **Risk Identification** (categorized):
   - Technical Risks: Technology failures, integration issues, scalability problems, data loss
   - Schedule Risks: Delays, dependency bottlenecks, resource unavailability
   - Budget Risks: Cost overruns, scope creep, vendor price changes
   - Resource Risks: Key person departure, skill gaps, availability conflicts
   - External Risks: Regulatory changes, market shifts, vendor bankruptcy
   - Quality Risks: Defects, performance issues, security vulnerabilities
   - Communication Risks: Misalignment, unclear requirements, stakeholder conflict

2. **Risk Analysis** (for each risk):
   - Risk ID and title
   - Description: Clear statement of what could go wrong
   - Probability: Very Low (10%) / Low (25%) / Medium (50%) / High (75%) / Very High (90%)
   - Impact: Negligible / Minor / Moderate / Major / Critical
   - Risk Score: Probability x Impact (1-25 scale)
   - Risk Category: Technical / Schedule / Budget / Resource / External
   - Early Warning Signs: What indicators suggest this risk is materializing

3. **Risk Response Plan** (for each medium and high risk):
   - Strategy: Avoid / Mitigate / Transfer / Accept
   - Specific mitigation actions
   - Contingency plan (if the risk materializes despite mitigation)
   - Risk owner (specific person)
   - Budget reserve needed
   - Timeline buffer required

4. **Risk Matrix Visualization:**
   - 5x5 probability/impact grid
   - Color coding: Green (accept), Yellow (monitor), Orange (mitigate), Red (escalate)
   - Place each risk on the matrix

5. **Risk Monitoring Plan:**
   - Review frequency
   - Escalation criteria and path
   - Risk register update process
   - Risk metrics to track

**Output**: Complete risk register with 15-20 identified risks, analysis, response plans, and the risk matrix.