I included the templates for each Project Risk Management Ca

I included the templates for each

Project Risk Management: Case Study

Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information, Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks.

Assignment – Project Risk Management 3 Tasks

1. Create a risk register for the project using the Excel template. Identify six potential risks, including risks related to the problems described in the previous paragraph. Include negative and positive risks.

2. Plot the six risks on a probability/impact matrix using the template. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 representing the lowest values. For a simple risk factor calculation, multiply the probability score and the impact score. Add a column called Risk Score to your risk register to the right of the impact column. Enter the new data in the risk register. Copy your impact matrix and new risk register to a word document and write your rationale for how you determined the scores for one of the negative risks and one of the positive risks.

3. Develop a response strategy for one of the negative risks and one of the positive risks. Enter the information in the risk register. Copy your risk register and impact matrix to your word document with your rationale, response strategy, and a separate paragraph describing what specific tasks would be required to implement the strategy. Include time and cost estimates for each strategy as well.

1.

2.

3.

4.

5.

6.

Solution

Negative Risks and Positive Risks

1)Key members leaving the company

2)Team members not providing status information

3) Un-cooperative users

4) Quality

5)Time

6)Risk

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2)

RAnk          Risk        Description                 Category            

1                   Risk             Unclear to analysis the risk      Marketing      

2     Team members not        They don\'t have enough

      ( providing status information ) (Experience)                                   Training   

3     Key members leaving          Not having proper intergration              HR              

             (the company )             

4) Quality Due to urgent, competition    Production    

5)   Un-cooperative users            new customers                                                Production   

6)Time                                Time is wasted because not analysis

      (risk whether positive or negative earlier)   Marketing   

Rank Root Cause Potential Responses    Probability Impact      Status

1          ________     _________                  High             High          Current risk

2        __________    _________                  High           High         current risk

3      ____________    _________                 High            High       Current risk and future risk    

4 ____________       _________             HIgh            HIgh        Current risk and future risk

5    ____________      _________               Medium        medium          current risk

6     ___________     ___________                low            low        No longer exist

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3) Key members leaving   the company    and Un-cooperative users are used for strategy analysis

For key members leaving Recreation time is very important the company never want to lose key players on those time, there is lack of co-operation with internal team and integration with them, arrange the meeting ask them stay here describe about job satisfaction or ask them to wait for suited employee recruit for those position

For Un-cooperative users    : New customer do un-cooperation with trainers, this time we have to adjust with the customer, until customers feels they are safe and good environment.

Note:

for Recreation and Wellness Intranet Project, quality and un- cooperation uses may affect production

Production means here no of customers we are giving wellness program, so wellness program is the production.

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