project manegment;
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his work is ONLY an example of work. You should only use the work for reference purposes.
Contents
Develop risk management plan
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2
Risk Breakdown Structure
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2
Risk
Response Plan
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3
Develop risk contingency plan
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4
Develop time and resource constrained schedule
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Resource smoothing
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Paral
lel method
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8
2013
–
2014
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his work is ONLY an example of work. You should only use the work for reference purposes.
D
evelop risk management plan
Risk identification, in this part we will generate a list of possible risks through
brainstorming, problem identification and risk profiling.
Which include all the four
risk categories technical, project management, organizational and external.
Risk Breakdown
S
tr
ucture
Risk Breakdown
S
tr
ucture
Technical
Performances
Requirements
Reliability
Technology
Project management
Not meeting the
deadline
Controlling the budget
Communication
between the senior
management and the
project team
Organization
Resources
Funding
Prioritization
External
Political factors
weather condition
Customer satisfaction
International quality
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his work is ONLY an example of work. You should only use the work for reference purposes.
Risk Response Plan
No#
Risk
Description
Category
Root Cause
1
Performances
Inefficiency of the wind turbin
Technical
Connect in the wrong way
2
Requirements
Design weakness
Technical
Lack of components
3
Reliability
Low performance of the wind
Technical
Bad quality
4
Technology
Technology changes
Technical
Missing the update
5
Not meeting the deadline
Not meeting deadline
Project management
low team performance
6
Controlling the budget
Exceed the limited budget
Project management
Changing in prices
7
Communication between the
The senior management lose c
Project management
bad choosing for the one of th
8
Resources
Lack of workers
Organization
Limited of budget
9
Funding
Effect on reputation of the org
Organization
Lack understanding of the imp
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his work is ONLY an example of work. You should only use the work for reference purposes.
Develop risk contingency plan
The following part shows the strategies for both the risk response plane and risk
contingency plan, with the reasons for each selection.
Risk#1
:
For performances risks we have been chosen (mitigating this risk) as
a strategy for the
risk plan. Because by following this strategy, we can reduce the likelihood an event will occur as
well as impact of such risks. In term of contingency plan, first we should disconnect the wind
turbine and make sure that there is no cur
rant electricity. After that, simply we will reconnect
the wind turbine in correct way carefully.
Risk #2
:
For requirements risks we have been chosen (avoiding this risk) as a strategy
for the risk plan. Since by following this strategy we can change t
he plan to eliminate
this condition. In term of contingency plan, after calling the technical team, we agreed
to purchase the needed components so that we can solve the weakness of the design
and make sure that we will not face such as risks in the future
.
Risk#3
:
For
reliability risks we have been chosen (mitigating this risk ) as a strategy for
the risk plan. Since by following this strategy we can reduce impact of adverse event .In
term of contingency plan, and since the root cause of low performance of the wind
tur
bine is the bad quality. We are strongly agreed to look for another supplier
immediately.
Risk #4
:
For technology risks we have been chosen (mitigating this risk) as a strategy for
the risk plan. Since by following this strategy, we reduce impact of
adverse event. In
term of contingency plan, project manager suggest to provide suitable training for the
project team. Therefore, the project team will follow up the updates so they can easily
deal with Technology changes.
Risk #5
:
In Not meeting the dead
line we have been chosen (avoid this risk) as a
strategy for the risk plan and we must change and re
–
plan the project to eliminate such
as risk ,Therefor the risk contingency plan is increasing the work
time
.
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his work is ONLY an example of work. You should only use the work for reference purposes.
Risk #6
:
In Controlling the budget we have been chosen (Sharing this risk) as a strategy
for the risk plan and we must find other finance and also find others to share the cost of
the risk to eliminate such as risk ,Therefor the risk contingency plan is reducing th
e
number of the workers.
Risk #7
:
In Communication between the senior management and the project team we
have been chosen (accept this risk) as a strategy for the risk plan therefor the
communication risk has an effectiveness on the team and the company
development in
addition we have to make a conscious decision to accept the risk to eliminate such as
risk ,Therefor the risk contingency plan is that the te
am most go for extra training.
Risk #8
: in Resources risk we have been chosen (sharing the risk) as
a strategy for the
risk plan and we must find other finance and also find others to share the cost of the risk
with such as bank that we will loan from to eliminate such as risk, Therefor the risk
contingency plan is to increase the number of workers.
Ri
sk #9
: in project dependencies we have been chosen (avoid this risk ) as a strategy for
the risk plan and we must change and re
–
plan the project to eliminate such as risk
,Therefor the risk contingency plan is workers awareness of the importance of the
com
pany’s reputation
Risk
#10
:
in Prioritization we have been chosen (accept this risk) as a strategy for the
risk plan and we must handle this risk strongly because the consequences that will
further happen moreover we have to make a conscious decision to ac
cept it risk
,Therefor the risk contingency plan is to dismissing workers who do not follow
company’s policy.
Risk
#11
:
Weather condition risk, in this risk we chose to accept the risk as response
plan and not to make any changes to the project plan
because this risk is out of control
and we cannot expect it. The contingency plan is to protect electrical equipment against
weather condition.
Risk
#12
:
Customer satisfaction risk, we chose to avoid this risk as response strategy
and to changes the projec
t plan to eliminate the risk in order to protect the project
objective and the contingency plan is to do frequent customer satisfaction survey.
Risk
#13
: Political factors risk, in this kind of risk we chose to transfer the risk as
response plan to the gov
ernment official who will carry the risk impact and ownership of
the response. The contingency plan is to hold constant meeting with government
official.
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