Project Risk Report: Structural Unemployment in EPM5740 Course

This report provides a comprehensive risk analysis of structural unemployment, a significant global risk, within the framework of project risk management. The report, prepared for the EPM5740 course, begins with an executive summary and introduction that establishes the context of structural unemployment, its causes (including technological advancements, rapid urbanization, and geopolitical influences), and its far-reaching implications on societal and economic levels. The report then details a thorough risk assessment, including identification, analysis, and evaluation, culminating in a risk register that outlines mitigation plans, contingency plans, and the impact and likelihood of the risk. Furthermore, the report presents a risk treatment and schedule plan, prioritizing risks and outlining preferred treatment options, and a risk action plan that recommends responses and proposed actions. The report concludes by emphasizing the importance of addressing structural unemployment through strategies such as encouraging geographical mobility, skill training, and government subsidies. The document follows the assignment brief, including references and an appendix.