FOR PHYLLIS YOUNG ONLY- RISK PPT

Risk event

probability

Rationale for probability

Impact with justification

Rationale for impact

Risk response

Next steps due to risk response

Failure of executive to support the project

low

The executive may become detached from the project

This can stall the project due to the power of the executive

The executive holds administrative powers over all activities

This risk has been mitigated by giving powers to the project manager

The funding of the project will not stop

Executive becoming disengaged from the current project

Low

The executive has a lot of other responsibilities

The project might get sidelined.

Executive action is imperative to the running of the project.

placing a special board to manage the project

This board will manage all of the activities of the project

Inaccurate estimates

High

There are a lot of uncertainties in this project.

Inaccuracies can nullify the entire process

The activities of the project have to be very accurate

Having an audit process after each major milestone.

The auditing process will be periodical and regular.

Activities missing from scope

low

The scope is very carefully planned

Some essential activities may be left out

Only activities in the scope are scheduled

Having three different teams outline all the necessary activities.

These teams will work independently

Miscommunication in the project team.

High

There may be a communication failure due to human error

Some activities may be done inaccurately

Coordination between the teams is essential

Having the teams meet on a daily basis.

These meetings will precede any of the day’s activities.

Under communication

High

Communication happens on an almost constant basis

Coordination between groups will be limited.

Communication is essential for coordination

having brainstorming sessions for the project team.

These meetings will be meant to share all ideas.

Design lacking flexibility

High

This aspect may be overlooked

Project may be stalled

Some activities may clash

coming up with a state of the art design for the project.

This design will guide the project.

Security vulnerabilities to technology components

Low

Technology apparatus are well secured

The apparatus may get stolen

This might bring about additional costs

Ensuring that all technology apparatus are well secured

Technology apparatus will be audited on a daily basis.

Safety risks for workers

High

There are a lot of dangers to workers in the work site

A worker might get injured

This might lead to legal action by the worker

Providing all workers with necessary safety apparatus

All workers will be required to wear safety apparatus at all times.

System outages

Low

There are back up power systems

Outages may delay the project

The project can’t go on during an outage

Having backup systems

Backup systems will be kept up to date.

Power outages.

High

The region experiences power outages regularly

Delaying the project

Most project activities require electricity

Having backup generators

The generators will be on standby at all times

Delays to the necessary infrastructure

High

There is a lot of bureaucracy involved

This might limit the activities of the project

Some projects have to be completed on a given site

Working out all infrastructure related paperwork

This paperwork will be in hand before beginning the project

Decision delays

Low

All decisions are made in advance

Indecisiveness may limit progress

There are major decisions to be made at each phase

Ensuring major decisions are made in advance

Holding regular meetings to ensure there is no decision crisis.

Late delivery by vendors

High

Vendors work on a contract basis

Late delivery means the project cannot begin on time

These deliveries include essential material

Ensuring all vendors deliver before the project begins

The vendors will be required to observe a given time table

Low quality service

Low

There is emphasis on service provision

The project will be done badly.

Quality service reflects on the completed project

Ensuring that all parties are well skilled

Vetting every employee working on the project.