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Assignment/Current Assignment/Instructions.docx

Instructions:

Perform a Qualitative Risk Analysis on a project that you know OR where you decide to obtain a further degree.

· Follow the instructions on page 155 onwards in our textbook. Include no less than six entries.

· Perform a Quantitative Risk Analysis on at least three of your items above (or alternatives) following the instructions on page 189 of our text.

*These pages are included in the PDF.

*The book that I am using is “Risk Management Tricks of the Trade for Project Managers

Wind Power Project
Technical risks	External risks	Organisational risks	Project management risks
Insufficient requirements	Weather uncertainties	Insufficient funding	Planning hurdles
Technological hurdles	Market demand	Prioritisation of activities	Communication breakdowns
Quality checks	Regulatory compliance	Resource management	Control structure
System complexity	Supplier and subcontractor delays	Project dependencies	Estimation of resource needs
Performance and reliability assurance

Risks per Activity
Activity	Cause	Risk	Effect
Profiting	New design	Too many mistakes forcing wasted materials	Descrease in possible profits potentially decreasing growth
Designing	Use of project concepts	Resulting in late delivery of final products	Decreased time allowed to verify performance requirements
Construction	Improper soil assessment	May result in unstable structures	Delays in the further construction of structures and replanning
Quality Checks	Lack of proper planning or/and coordination	Resulting in timelines not meeting up between individuals	Wasted time causing project schedule slippage
Resource Gathering	Demands for future preparations	Output is greater than resources gathered	Would lead to delays in the start of future projects
Framework	Weather is wet and windy	Construction may need to be delayed until the framework dries	Delay in the start of the framework and time to finish product
Policies	Due to being uninformed	Unpredicted quality control from poorly written policies	Which could lead to delays and possible infringements

Overall Project Opportunities
Opportunity	Cause	Risk	Effect
Training	Due to detailed efforts from experienced individuals	Demand for the completion may be higher than anticipated	Resulting in higher profitability
Demand	Due to having the opportunity for clean cost-effective energy	The demand may be higher than the availability	Which would result in bigger resource management team and growth of other teams
Growth	Due to decisions to demonstrate wind power	Systems may work at 100% during demostration	Which would lead to higher demands
Investment	Due to increase energy savings	The output of structures will become easier	Resulting in decreased schedule duration for structures and decreased cost
Employees	Due to stable work loads and pay	The demand may be higher than expected	Resulting in decreased turnover rate and more employees
Support	Due to noticed improvement from existing clients	Higher anticipation resulting in eager potential clients	Which could lead to recommendation and statisfaction
Risk Management	Due to continual efficiency improvements	The chances of threats occurring may be more easily foreseen	Which may result in better quality over time

Overall Project Threats
Threat	Cause	Risk	Effect
Security Beach	Due to high demand, more security breaches have occurred	Which may lead to security breach in different parts of the company	Delays in advancement in order to assure all breaches are contained
Natural Gas	Due to continued cut of cost of natural gas	Which could lead to less potentially interested clients	Resulting in less demand and lower profits
Biodiversity	Due to increase number of birds killed	Which could lead to infractions	Resulting in limitations of building sites and productions amounts
Wind Patterns	Due to not being able to predict wind patterns	Which could lead to less demand	Resulting in unhappy clients and increased price
Visual Impact	Due to complaints from structure neighbors	Which could lead to petitions	Causing production to stop and possible reassignments
Region restictions	Due to possible noise complaints from older structures	Which could lead to many region restrictions	Causing limited space for expansion
Regulations	Dues to the increased expansion	Which could lead to many restriction to follow	Causing surprise inspections, possible fines, and possbile project failures