Risk Pro

DEMO 3 Quantitative Risk Analysis

Run a Monte Carlo Risk Analysis for a software project given:

Step 1: Define the Project Parameters 

Project Schedule: Start: July 2024, End: July 2025 

Project Budget: $10,000,000 

Step 2: Set up the Probability Distributions for Risks 

Risk 1: Delay in software delivery 

Probability: 80% Impact (weeks): 

Minimum delay: 10, 

Most likely delay: 60, 

Maximum delay: 150 

Mitigation: Additional resources to expedite the process, cost: $3,000,000, reduces delay by 8 weeks (caution)

DEMO 4 Qualitative Risk Analysis - CEO Level

Using GPT 4 (Chat GPT) - please download the four AI policy documents below. Upload them to Chat GPT and ask for specific risks as below:

1.Cybersecurity

2.Team Buy-In to new AI initiatives

3.Threats for your particular industry

4.How would you adjust the data governance policy template for your organization

5.What seems to be missing from all these documents to adequately protect an organization taking on a new AI framework and AI tools. 

Algorithm Hint: Provide a succinct answer as if reporting to a CEO. Keep it high-level and strategic.