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It requires building a multi-layer hierarchy of relevant products with no action items, describing three key products using objective and measurable quality criteria, and identifying at least five project risks. Risks must be assessed by probability and impact, include countermeasures using the PRACT options, and assign clear risk owners, enabling traceable, accountable delivery planning.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/exercise-2-product-based-planning-and-risk-log/240507/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/exercise-2-product-based-planning-and-risk-log/240507.png","ImageObject",442,249,{"name":88,"@type":89},"Gelato","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-27","2026-09-11",true,{"@type":98,"interactionType":99,"userInteractionCount":8},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What must the Product Breakdown Structure (PBS) contain in Exercise 2a?","Question",{"text":108,"@type":109},"The PBS must include as many relevant products as possible and must contain no actions. Products should be organized in a hierarchical structure of at least three layers.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How should the three product descriptions be written in Exercise 2b?",{"text":113,"@type":109},"Each description must state what the product is, its format/medium, why it matters, the key quality criteria, and how and by whom those criteria will be judged. The entries must be objective and measurable.",{"name":115,"@type":106,"acceptedAnswer":116},"What are the requirements for the Risk Log in Exercise 2c?",{"text":117,"@type":109},"The Risk Log must identify at least five relevant risks, weigh probability and impact, provide countermeasures using the PRACT options (Prevention, Reduction, Acceptance, Contingency, Transference), and state an owner for each risk.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},240507,1791718511,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":8,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":4},19241457091524,"https://us-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Exercise 2: Product-Based Planning and Risk Log  \nExercise 2a  \nMake a graphic representation or display of the Product Breakdown Structure for your project.  \n• The PBS must contain as many relevant products as possible and no actions.  \n• Put the products in a hierarchical structure of at least three layers.  \n• The graphic display may be made with post-it notes, in Word, Excel (using SmartArt) or any another visualisation that works for you.  \nExercise 2b  \nMake a Product Description of 3 important products in your project.  \nDescribe:  \n• What is the product?  \n• What is its format or medium or in what form will it be presented?  \n• Why is this product important in the context of the deliverable?  \n• What are the key quality criteria for this product?  \n• How and by whom will the quality criteria be judged?  \nThe entries of your description should be objectively stated and describe the above quality criteria in measurable terms.  \nYou can use the Product Description Template  \nExercise 2c  \nMake a Risk Log that identifies at least five relevant risks in your project.  \n• Weigh the probability and impact of the risks.  \n• Describe countermeasures according to the PRACT options (Prevention, Reduction, Acceptance, Contingency, Transference)  \n• State who the owner of these risks will be.  \nYou can use the Risk Log Template","cbCaijyzkoRJjAVw","https://ap.wps.com/l/cbCaijyzkoRJjAVw","pdf",91374,"English","# Exercise 2: Product-Based Planning and Risk Log\n## Exercise 2a\n## Exercise 2b\n## Exercise 2c","[{\"question\":\"What must the Product Breakdown Structure (PBS) contain in Exercise 2a?\",\"answer\":\"The PBS must include as many relevant products as possible and must contain no actions. Products should be organized in a hierarchical structure of at least three layers.\"},{\"question\":\"How should the three product descriptions be written in Exercise 2b?\",\"answer\":\"Each description must state what the product is, its format/medium, why it matters, the key quality criteria, and how and by whom those criteria will be judged. The entries must be objective and measurable.\"},{\"question\":\"What are the requirements for the Risk Log in Exercise 2c?\",\"answer\":\"The Risk Log must identify at least five relevant risks, weigh probability and impact, provide countermeasures using the PRACT options (Prevention, Reduction, Acceptance, Contingency, Transference), and state an owner for each risk.\"}]","Exercise 2 - Product-Based Planning and Risk Log | PDF",1789162169]