Submission date:
Period: Prior to purchase
Car purchase
12/13/12012
Summary of Extreme or High risks
Risk
Risk treatment and
Risk description
Responsibility
number control summary
Pay attention to interest rates and be sure to include all taxes into the total cost of the car.
1
2
3
Taxes
Plates are either purchased new or transferred over. The cost should also be added to the total cost of the car.
Plates
Maintenance
4
Warranty
Buyer
Buyer
Foreign cars will cost more to maintain, make sure that research is done so that maintenance is affordable. Also, keep up maintenance to retain value. Buyer
Research warranties.
Some are 30k miles,
Dealership
while some are 100k miles. How long do plan on owning the car? Longterm ownership should think about a longer warranty. Commentary on significant changes during the period:
Value of car depreciates when it is driven from the dealership, make sure that the integrity of the car is maintained to retain a higher trade-in value.
Commentary on the status of the Risk Management system in the project:
Measuring the risk and managing the purchase by shopping around and comparing all risks involved. The measurements should give you an idea of which direction to head in as far as which car you can and should purchase. A (needs and wants) comparison should also be done.
Project Manager: Mr. Joe
Reviewer:
Date:12/13/2012
Date: 12/13/2012
Attachments: Risk Action Plan summaries for Extreme and High risks