| Projected Risks |
| RISK | DESCRIPTION | CATEGORY |
| Staff Knowledge | The project involves a lot of technology, it requires alot of | Resources/People |
| | team members with specific knowledge. Because the company is not planning to hire more people |
| | to handle the project,it will pose a sifnificant hinderance |
| | to the success of the project. |
| Staff Availability | Another risk is a shortage of staff, because the company is not planning to hire more | Resources/People |
| | staff, the available employees will have to work on their individual projects as well as the |
| | boards' project concurrently. This limtis their availability. |
| Staff Cohesion | Cohesion is a significant problem because the project involves members from different staff who must work | Resources/People |
| | together. There is a high likelyhood that friction and bad blood will arise between the members because they have |
| | never worked so closely before. |
| Communication | There is a problem of communication within the organisation. The company lacks effective | Strategy |
| | channels of communicaton to pass meessages, this is a serious problem that presents a major risk |
| | to the project. |
| Leadership Inexperience | The new CEO, intends to hire new managers and team members who have no experience within the organisation | Resources/Management |
| | ,the new team members present a risk because they are not aquaitned with the company. |
| Leadership Gap | As yet, the project lacks a quality manager to oversee the quality of the project and compliance | Resources/Management |
| | the project needs a quallity manager in the intitial planning stages to ensure that all relevant quality procedures |
| | are followed. |
| Time | The top executives of the compnany have stated that they wish the product to reach the market in | Schedule |
| | one year, for a project of this magnitude, this is an extrmely short time for this project and may not be enough |
| | to complete the project in its entirety. |
| Budget Constraint | The money allocated may not be enough to cater for unplanned events. In the instannce that an emergency were | Resource/Money |
| | to occur, then the project would have to stop because of lack of funds . |
| Supplier Delay | Another risk is that the supplier contracred by the company may delay the equipments | Schedule |
| | . Such a delay may interrupt the schedule of the project. |
| Lack of Raw Materials | The company has not anticipated the raw materials it will need, aquiring the raw materials can cause problems and | Resources/Raw Materials |
| | lengthen the time required to complete the project. |
| Government regulation | There are several govenment regulation that the company must abide by, | Regulation |
| | complying with these regulations will increase the cost of the project. |
| Lack of Strong Processes | Becauuse thhis is a new project of unprecdented scale, the comnay is yet to implement strong proceces | Strategy |
| | to follow. The lack of strong proceces means that the company will have to make it up as they go along |
| | the lack of strong proceces is a significant risk |
| Demand of the Product | Because this is a completely new product, the project members have not way of determining demnd for the product | Strategy |
| | there is a very high risk that the project has no demand and will end up as a white elephant. |
| Marketing Objective | The organisation needs to make a marketing objective to allow the sales and marketing to come up | Strategy |
| | with a plan for capturing marketshare. |
| Prototype Issues | The company has outsourced the process of creating the prototype | Resource/people |
| | The contracted company may fail to actualise the desings of the company, this will create delays and problems. |
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unit_1_15_risks_chart.xlsx
