Preview

Risk Assessment Meeting Pre-Read Memo

Satisfactory Essays
Open Document
Open Document
386 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Risk Assessment Meeting Pre-Read Memo
Risk Assessment Meeting Pre-read Document

Subject: Risk Assessment Meeting

Date / Time: 15 June 2007 / 8:00 AM EDT

Location: Project Team Conference Room

Required Participants:

Program Manager
Design Team Manager
Engineering Team Manger
Production Team Manager
Purchasing Team Manager
Shipping Team Manager
Sales Team Manager
Marketing Team Manager
QA/QC Manager
Data / Configuration Management Representative

Optional Participants:

All team members are encouraged to participate. Team members who have identified risks or opportunities are requested to present them to the management team during the meeting.

Purpose:

It is my intent to provide an open forum in which the risk management process can be executed. The purpose of these meetings will be to assess the status of identified risks and identify new risks that arise during the project lifecycle. Endstate is to ensure that an integrated, proactive risk management program is implemented across the project team.

Group Management:

The project manager will be overall responsible for the management of the group and risk management process. This meeting will become a regularly scheduled event and added to the project schedule. The process will start with a review of the project charter, scope, and budget. This review will be to clarify authorities, responsibilities, and the overall project goals. The project manager will be responsible for communicating risks to the senior management when the risk management process can not mitigate the risk or when a risk is determined to be detrimental to achieving the project goals.

Process:

The process will start with the determination of critical events, activities, and milestones as they relate to the project completion. From this determination risks will be identified and assessed in order to react as quickly as possible to eliminate or mitigate them. We will use a combination of qualitative and

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The project will be initiated in which details for the project will be discussed, as well as interviews with key stakeholders will be had. Following this planning will be begun to set project dates and goals. The next step will be execution of the project, and then the project will be observed and…

    • 337 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Mgmt404 Project Plan

    • 1494 Words
    • 6 Pages

    I have made a list of all areas that might cause project delays or failure with their respective outcomes (see numerical list below). The five risks I have chosen…

    • 1494 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Our goal is to inform all stakeholders of possible risks that can impact our project in a negative way. This will also inform us as to the status…

    • 1116 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    Below is a risk assessment matrix that identifies the risk event, likelihood of the event happening, then impact that it will have on the project, the detection difficulty, and when the expected risk will have the most impact on the project. In my opinion, scheduling and economic issues are the most likely to occur and have the greatest danger of being a major impact on the project’s completion and success.…

    • 3179 Words
    • 13 Pages
    Better Essays
  • Good Essays

    IT 205 final assignment

    • 1253 Words
    • 6 Pages

    • What factors that influence project risk? What strategies would you recommend for minimizing this project’s risks?…

    • 1253 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Case 3 Risk Management

    • 1053 Words
    • 5 Pages

    1. Suggest the issues that could have developed had the team not had a risk plan.…

    • 1053 Words
    • 5 Pages
    Good Essays
  • Best Essays

    The appointed project manager would then be able to initiate the project, do the detailed plan and define the Critical Path so as to ensure that the long lead items are either procured or started. The dedicated teams’ responsibilities would be defined and clearly understood, taking into account business-as-usual work and other commitments. S/he would also discuss how changes will be documented and authorised.…

    • 3205 Words
    • 13 Pages
    Best Essays
  • Best Essays

    Risk assessment is the process to identify areas of concern so an efficient response and an effective recovery plan can be placed if needed. In order to assess the potential risks a trial can face and to create a plan, six steps could be used: 1) Identify all the required Functions and Processes in the project; 2) Rank these identified functions and processes according to their “criticality”; 3) Determine the required time for recovery so the critical functions and processes can be maintained; 4) Identify those threats that could severely impact these critical functions and processes; 5) Determine the vulnerability of each critical project function and process; and 6) Identify and plan,…

    • 1542 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    Project managers play the leading role in the project management process: They are accountable for the completion and delivery of projects. They create an atmosphere of teamwork and collaboration in which a defined goal can be achieved in a controlled and structured manner by a group of people. Project managers manage projects on a day-to-day basis, maintain a continuous focus on moving projects toward their defined objective, drive the decision-making process and execute milestones according to plan (Guzman, 2010).…

    • 2266 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Risk Management Plan Final

    • 7114 Words
    • 23 Pages

    The Risk Management Plan is created by the project manager and is monitored and updated on a yearly basis.…

    • 7114 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    • Risk management Steps in Essilor Risk Analysis Process : 1. List tasks (functions of the project work) 2. Describe potential fault(s) with that task 3. Describe the cause 4. Describe the effect 5. Assess the “capacity for correction” 6. Risk notation 1-10 for • Gravity (of the effect) • Probability (of the cause) • Manageability…

    • 1057 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    A&D HIGH TECH

    • 263 Words
    • 2 Pages

    What is the critical path in the project? How would you assess the level of risk in the project?…

    • 263 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    HSE plan

    • 573 Words
    • 4 Pages

    This document can be used to identify the level of risk and help to prioritise any control measures.…

    • 573 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    The Project Manager is authorised by the General Manager to manage and coordinate this important phase of the company’s development. The Project Manager is authorised to issue directives relating to the project.…

    • 794 Words
    • 4 Pages
    Good Essays
  • Best Essays

    In the above essay we have described about the risk management system of supply chain. We’ve also describe about risk identification that how to identify risk at early stages, and how to assess them in a row and we have also add a chart to show about the risk category that which is high and which is low. Then we have also…

    • 2370 Words
    • 10 Pages
    Best Essays

Related Topics