| Projected Risks |
| RISK | DESCRIPTION | CATEGORY |
| Staff Knowledge | The project is technology intensive and requires a | Resources/People |
| | group of people with specific knowledge. The company is not planning to hire |
| | any more employees for the project and lack of staff knowledge |
| | may be a hindrance to the completion and quality of the project. |
| Staff Availability | Since the company is not hiring any more employees, there may be a shortage of | Resources/People |
| | staff as the available employees work on their individual projects as well as the |
| | boards' project concurrently. |
| Staff Cohesion | The project will include employees from different departments having to work | Resources/People |
| | together. Friction and bad blood may arise since these individuals have never |
| | worked so closely before. |
| Communication | The employees have never worked together on a project of this magnitude. Thus, | Strategy |
| | effective communication might be difficult to establish owing to the complex group |
| | dynamics |
| Leadership Inexperience | The project manager is new to the company and has not had much experience with | Resources/Management |
| | the members of the project team. |
| Leadership Gap | The project does not have a quality control manager. This might result in delays in | Resources/Management |
| | project commencement and completion because the quality control manager needs |
| | to be there from the very beginning of the project. |
| Time | The project may not be completed within the designated time frame because of | Schedule |
| | entrusting the project to a group of people who have never worked together before. |
| | Conflicts are bound to ensue among the project personnel |
| Budget Constraint | The money allocated does not cover for unplanned cost. If an emergency were to | Resource/Money |
| | arise then the roject may grind to halt due to deficiency in funds |
| Supplier Delay | There could be a delay in the supply of raw materials to the company's manufacturing | Schedule |
| | laboratory. Such a delay may interrupt the schedule of the project |
| Lack of Raw Materials | There could be a shortage of the raw materials required in the building of the final boards. | Resources/Raw Materials |
| | A lack of raw materials will lengthen the time required to complete the project |
| Government regulation | The company will have to abide to several government regulations especially in regards to | Regulation |
| | quality that may increase the overall cost of the project. The company may deem the project |
| | too expensive to proceed with it |
| Lack of Strong Processes | Previous projects undertaken within the company have shown that there are hardly any strong | Strategy |
| | processes that can be followed when handling a project. Lack of processes can lead to |
| | mayhem and disorganization |
| Demand of the Product | No conclusive reports on the potential demand of the product have been given to the project | Strategy |
| | manager or the sales and marketing team. Such a report is crucial, because without it, the |
| | project team is simply working in a vacuum |
| Marketing Objective | There needs to be a marketing objective so that the sales and marketing team can come up | Strategy |
| | with a strategic plan for capturing the market |
| Prototype Issues | The creation of the prototype is being outsourced, which can lead to a myriad of problems. | Resource/people |
| | The company mandated to do so might develop the wrong prototype or have substantial delays |
| | in the creation of the prototype. Such problems might stall the commencement of the project |
lilgoutahtnnie420
risk.excel_.xlsx
