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
