Mba561 Unit 7 Project Management
Unit VII Project
Matthew A. Needham (ID: 13542)
Columbia Southern University
Project Management
MBA 6961
Dr. Kimico Myers
Risk Factors
1. Financial Risk
a. Reduced budget due to other demands from the organization. The probability of reducing the budget to support other demands of the organization is rated a high probability. The consequences of reduced funding will have a negative impact on this project by reducing the scope of the project thus jeopardizing the organizations mission capability for this expanded duty section.
b. Project slippage could cause project to extend creating a funding risk. The probability of project slippage is rated a moderate risk. Some slippage is built in and can be overcome however long …show more content…
Installation Risk
a. Unforeseen obstacles. The probability of unforeseen obstacles causing a negative impact to this project is rated at a moderate risk. Due to inability to determine the severity of the impact ATT impact could range from no impact to a show stopping impact. Each occurrence will be evaluated and solved at the lowest possible level. Each occurrence has the possibility to negatively impact the overall success of this project.
b. On-site customer changes. The probability of a on-site customer changes being submitted is rated as a moderate risk. Small changes can be incorporated into this project however large scale changes would have a negative and detrimental effect to the success of this project.
c. Equipment shortage. The probability of equipment shortage is rated as a moderate risk. This project does not have any specialized equipment and all items are a commercial off the shelf item. By being unable to obtain the correct equipment will cause mission degradation at the completion of this project.
d. Equipment malfunction. The probability of equipment malfunction is rated as a moderate risk. This project does not have any specialized equipment and all items are a commercial off the shelf item. By being unable to fix the correct equipment will cause mission degradation at the completion of this …show more content…
Equipment Availability. The probability of equipment shortage is rated as a low risk. This project does not have any specialized equipment and all items are a commercial off the shelf item. By being unable to obtain the correct equipment will cause mission degradation at the completion of this project.
g. Secure & Dry Storage room Availability. The probability of a secure and dry storage room not being available is rated as low. The area has additional areas that can be utilized as storage area with the vendor’s concurrence. If the vendor chooses not to concur with the proposed locations then the vender will be responsible to secure a storage trailer at its own cost. This will be presented during the vendor selection discussions.
h. Contractor may not meet installation standards. The probability of the selected vendor not being able to meet the installation standards is rated as a moderate risk. This is not a highly technical job thus being able to meet the standards should not be an issue. However this could be corrected via QA inspections for corrective actions. However it is possible that this could lead to slippage to the right with regard to the project completion which would have a negative effect on the
Matthew A. Needham (ID: 13542)
Columbia Southern University
Project Management
MBA 6961
Dr. Kimico Myers
Risk Factors
1. Financial Risk
a. Reduced budget due to other demands from the organization. The probability of reducing the budget to support other demands of the organization is rated a high probability. The consequences of reduced funding will have a negative impact on this project by reducing the scope of the project thus jeopardizing the organizations mission capability for this expanded duty section.
b. Project slippage could cause project to extend creating a funding risk. The probability of project slippage is rated a moderate risk. Some slippage is built in and can be overcome however long …show more content…
Installation Risk
a. Unforeseen obstacles. The probability of unforeseen obstacles causing a negative impact to this project is rated at a moderate risk. Due to inability to determine the severity of the impact ATT impact could range from no impact to a show stopping impact. Each occurrence will be evaluated and solved at the lowest possible level. Each occurrence has the possibility to negatively impact the overall success of this project.
b. On-site customer changes. The probability of a on-site customer changes being submitted is rated as a moderate risk. Small changes can be incorporated into this project however large scale changes would have a negative and detrimental effect to the success of this project.
c. Equipment shortage. The probability of equipment shortage is rated as a moderate risk. This project does not have any specialized equipment and all items are a commercial off the shelf item. By being unable to obtain the correct equipment will cause mission degradation at the completion of this project.
d. Equipment malfunction. The probability of equipment malfunction is rated as a moderate risk. This project does not have any specialized equipment and all items are a commercial off the shelf item. By being unable to fix the correct equipment will cause mission degradation at the completion of this …show more content…
Equipment Availability. The probability of equipment shortage is rated as a low risk. This project does not have any specialized equipment and all items are a commercial off the shelf item. By being unable to obtain the correct equipment will cause mission degradation at the completion of this project.
g. Secure & Dry Storage room Availability. The probability of a secure and dry storage room not being available is rated as low. The area has additional areas that can be utilized as storage area with the vendor’s concurrence. If the vendor chooses not to concur with the proposed locations then the vender will be responsible to secure a storage trailer at its own cost. This will be presented during the vendor selection discussions.
h. Contractor may not meet installation standards. The probability of the selected vendor not being able to meet the installation standards is rated as a moderate risk. This is not a highly technical job thus being able to meet the standards should not be an issue. However this could be corrected via QA inspections for corrective actions. However it is possible that this could lead to slippage to the right with regard to the project completion which would have a negative effect on the