Project Risk Assessment Risk Roles Risk Control Plan Project Risk Assessment Construction Essay

The first measure in making a Hazard Plan is to place the likely hazards which may impact the undertaking. This includes the undertaking supervisor, director, squad and even the users. Each of the hazards identified is described in item and documented within this hazard program ; the hazard signifier ( Appendix C ) describes some of the hazards identified while working on this undertaking. A series of hazard classs are identified below and for each class a suite of possible hazards is listed including its likeliness and possible countermeasures.

Class

Description

Likelihood of Happening

Countermeasures

Requirements

The demands have non been clearly specified

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The undertaking Requirement papers is reviewed during each meeting to do certain squad members are clear about their undertakings.

The demands specified do non fit the undertaking demands

There will be a meeting with the Project supervisor one time every hebdomad to discourse advancement and position of undertaking.

We could confront major troubles with the engineering chosen for this undertaking

Team members will seek every bit much as possible to utilize tools that they are familiar with.

The demands of the undertaking might alter

The demands for this undertaking can non alter because it is fixed.

Benefits

The concern benefits have non been identified

This is a school undertaking, so right now the marks/ class is the precedence.

The concern benefits are non quantifiable

This is a school undertaking, so right now the marks/ class is the precedence.

The concluding solution delivered does non accomplish the needed benefits

There will be a meeting with the Project supervisor one time every hebdomad to discourse advancement and position of undertaking.

Agenda

The agenda does n’t supply adequate clip to finish the undertaking

Team members will seek every bit much as possible to follow the undertaking agenda.

The agenda does n’t name all of the activities and undertakings required

All activities non listed in the undertaking agenda will be considered as less of import and merely enforced if there is clip to make so.

Advancement could be falsely assessed until it is excessively late to respond

Team members will seek every bit much as possible to follow the undertaking agenda.

Budget

The undertaking exceeds the budget allocated

Team members will guarantee that all timeframes are kept, alteration is kept to a lower limit, resources are available as needed and range is non increased.

There is unaccounted outgo on the undertaking

Team members will guarantee that all timeframes are kept, alteration is kept to a lower limit, resources are available as needed and range is non increased.

Deliverables

The deliverables required by the undertaking are non clearly defined

Undertaking leader will guarantee follow up every bit carefully as possible.

Clear quality standards for each deliverable have non been defined

A quality standard for undertaking is clearly defined in undertaking program papers.

The deliverable produced does n’t run into the quality standards defined

A quality standard for undertaking is clearly defined in undertaking program papers.

Scope

The range of the undertaking is non clearly outlined

Project range was clearly defined at the beginning of the undertaking.

The undertaking is non undertaken within the agreed range

Adhere to all deadlines including deliverables and reappraisal rhythms. Maintain changeless communicating between development squad. Receive committedness from all parties to adhere to.

Credence

The standards for accepting undertaking deliverables are n’t clearly defined

There will be a meeting with the Project supervisor one time every hebdomad to discourse advancement and position of undertaking.

The concluding deliverables for the undertaking are non accepted.

There will be a meeting with the Project supervisor one time every hebdomad to discourse advancement and position of undertaking

Communication

Lack of controlled communicating causes project issues

Weekly Project progress meetings held by Team members which must be purely adhered to.

Undertaking supervisor is ‘left in the dark ‘ about undertaking advancement

There will be a meeting with the Project supervisor one time every hebdomad to discourse advancement and position of undertaking.

Resource

Members allocated to the undertaking are non appropriately skilled

All squad members are required to research good on the undertaking assigned to them before get downing.

Insufficient equipment is available to set about the undertaking

Undertaking should be carefully researched before set abouting it.

There is a deficit of stuffs available when required

All stuffs required are listed and made available during hebdomadal meetings.

We could lose resources. E.g. , squad members could acquire ill or quit.

No undertaking is allocated to a individual squad member ; all members are expected to exchange undertakings from clip to clip to guarantee that every one is involved.

Fig. 5.1

Color

Precedence Status

Description

High

Likelihood of happening is really high.

Fringy

Likelihood of happening is fringy.

Low

Likelihood of happening is really low.

Hazard Functions

Specify the functions and duties for all human resources ( both internal and external to the undertaking ) involved with the designation, reappraisal and extenuation of hazards within the undertaking.

Hazard Originator

The Risk Originator identifies the hazard and officially communicates the hazard to the Project Manager. The Risk Originator is responsible for:

Identifying the hazard within the undertaking

Documenting the hazard ( by finishing a Risk Form )

Submiting the Hazard Form to the Project Manager for reappraisal. ©

Undertaking Manager

The Project Manager receives each Hazard Form and records and proctors the advancement of all hazards within the undertaking. The Undertaking Manager is responsible for:

Receiving all Hazard Forms and placing whether the hazard is appropriate to the undertaking

Recording all hazards in the Risk Register

Showing all hazards to the Project Review Group

Communicating all determinations made by the Project Review Group

Monitoring the advancement of all hazard extenuating actions assigned.

Project Review Group

The Project Review Group confirm the Risk ‘likelihood ‘ and ‘impact ‘ and assign hazard mitigating actions where appropriate, It includes all the bing squad members. The Project Review Group is responsible for:

The regular reappraisal of all hazards recorded in the Risk Register

Identifying alteration petitions required to extenuate hazards raised

Allocating hazard mitigating actions

Shutting hazards which are no longer likely to impact on the undertaking.

Hazard Control Plan

1. Identify Hazards

Throughout the undertaking squad members will see hazards and document them till the completion of the undertaking, we will continually see the undertaking in visible radiation of hazards and any new hazards that arise will be added to the hazard signifier.

2. Buttocks hazards

Each hazard will be discussed and analyzed among the maneuvering commission ; the likeliness of the hazard occurring and its badness will besides be assessed.

3. Analyze Risks

Based on the decision on each hazard, they will be analyzed to find which action the undertaking squad members will take. The actions could include immediate alterations and may impact other parts of the undertaking or they could be implemented subsequently in the development procedure. In the event that the mistake has already occurred, the extenuation program will be implemented.

4. Monitor Risks

Every attempt will be made to guarantee that hazards do non happen, and if they occur that they will be noticed every bit shortly as possible which will assist us restrict the impact of the hazard.

5. Mitigate Risks

In the event that a hazard does happen, the issue will be analyzed harmonizing to the extenuation program.

Other programs to minimise hazards and its impact during the undertaking development procedure include ;

Tight Change Management, this will forestall any ‘feature weirdo ‘ and let the squad members to concentrate on the undertaking demands identified.

There will be close contact among team members, which includes frequent meetings and regular electronic mail contacts

Due the size of the squad, internal control panel will be used. One member of the squad suggests a alteration ; it will necessitate to be approved by at least three other members for it to be implemented.