Cost In (End Case Study)

Q1.  What risk can you identify?

Risk identification will determine which risk events are likely to affect the project. Also, risk identification is a repeated process and will normally lead to a qualitative analysis. New risks may appear at any time therefore continued risk identification should be performed on a regular basis throughout the project.
In this case many risks can be identified :
  • A loss of transparency and control
  • Lack of trust raised by various stakeholders
  • Unsuitable program planning
  • Additional training cost
  • Delays due to reasons beyond control
  • Quality issues
  • Insufficient time for training with weak feedback.
Q2. Create  a risk register of this project in the third stage of the risk management process (a risk register with a classification of risks, risk triggers, assumptions, risk owners, and contingency plans) Note: For some categories, there is no information available or only limited information.

A risk register is a possible overview of all risks that might impact an organization in its intended scope. This contains the risks and potential risk responses. Possible risks are as follows:
  • Undeveloped project management practices
  • Less integration to project management
  • Failure to develop a response to risk and opportunity
  • Lack  solutions  to  issues  raised by  stakeholders
  • Weak of compliance with project requirements
  • Unclear project objectives
  • fixed project schedule
  • Unsuitable program planning
  • Price inflation
  • Budget based issues
  • Inflation and interest rate
  • Political issues