| WBS_ID | Task | Task Level | Risk | Risk Category (Type) | Risk Probability | Risk Consequenc es (Impact) | Initial Risk Score (Probabil. * Impact) | Risk Handling Category | Risk Handling/Control Plan | Risk Owner (Risk Manager) | Est. Cost of Mitigation | Remaining Probability after Mitigation | Remaining Consequences (Impact) after Handling | Final Risk Score | Current Risk Status | Notes and discussion |
| 1 | Vendor Supply Chain | 1 | Human resources | Internal | 25% | $500,000 | $125,000 | Accept | Improving the otganisational behaviour | Project Manager | 5000 | 15% | - | 5000 | - |
| 1.1 | | 2 | Quality | Internal | 25% | $500,000 | $125,000 | Accept | Improving the quality of the machinary and raw materials | Project Manager | 3000 | 16% | - | 3000 | - |
| 1.2 | | 2 | Environmental | External | 20% | $10,000 | $2,000 | Mitigate | Fluctuations related to supply | Project Manager | 1000 | 10% | - | 1000 | - |
| 2 | Software Development | 1 | Development cost overrun | technical IT risks | 15% | $30000 | $45000 | Mitigate | Renegotiate scope | Chief engineer | 3,000 | 10% | - | | - |
| 2.1 | | 2 | Development schedule delays | technical IT risks | 15% | $40000 | $9000 | Mitigate | Add additional programmers | Chief engineer | 2500 | 10% | - | | - |
| 2.2 | | 2 | Integration test | technical IT risks | 9% | $25000 | $22500 | Mitigate | Integrate the tests | Chief engineer | 1500 | 3% | - | | - |
| 3 | Widget Management System | 1 | Determination of Project Team | project management risk | 20% | 50,000 | 15,000 | Mitigate | Determines the accurate project team and requests the resources | Project Manager | 1500 | 10% | - | 1500 | - |
| 3.1 | | 2 | Project Plan Approval | project management risk | 25% | 45,000 | 20,000 | Mitigate | Proceed to execute the project according to the project plan within time | Project Manager | 2500 | 15% | - | 2500 | - |
| 3.2 | | 2 | Risk Management | project management control | 20% | 30,000 | 15,000 | Mitigate | Need more Risk management efforts | Project Manager | 1500 | 10% | - | 1500 | - |
| 3.3 | | 2 | Update Project Management Plan | project management control | 15% | 21,000 | 6,000 | Accept | Updated the Overall project management | Project Manager | 900 | 9% | - | 900 | - |
| | Total | | | | | | | | | | 22400 | | | 15400 |
jarfra
NamboFrancis_ITP-3.xlsx
