Description
Week 6: Report Part Five— Organizational and Risk Concepts
Report Part Five— Organizational and Risk Concepts
This week you are putting together the final touches of your business plan. The Organizational and Risk Concepts is built upon the previous four reports. This aspect of the capstone will set the stage for the compilation of the Final Project Plan. You have to adhere to APA 7.0 and cover the sections as required for a particular week. For week six your report should contain (30 points):
- Project Risk Analysis and Risk Management Plan (5 Points)
- Project Costs, Staffing, Resources, Dependencies, and Schedule (5 Points)
- Integration of Internal and External Systems (10 points)
- System Administration, Security, Backup and Recovery (5 Points)
- Scope Administration and Change Control Procedure (5 Points)
It would be best to present each week's progress report using a video PowerPoint Presentation to the project owner—Use zoom to record the presentation and ensure a proper setting, appropriate dress, and professional presentation (10 points).
Please fill out a Team Status Report by the end of the week and turn it in. There is a status report template in the attachment (10 points).
Presentation
Upload your presentation. Review the tips included in the following link for preparing your presentation:
https://www.lifewire.com/presentation-tips-for-stu...
Presentation Requirements:
- Your presentation should be 10 minutes in duration.
- Use PowerPoint slides (no more than 15 slides)
- Do not use wordy slides and no more than TEN bullets in each slide
- Do not use fancy fonts.
- Dress nicely; make sure your background and lighting are appropriate. Your face should have enough lighting, do not sit with your back to a light source!
- Look at the camera, do not look sideways.
- Use zoom recording or similar, and make sure your video does not cover any part of the presentation.
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Explanation & Answer
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Outline
Introduction
The project’s risks are both physical and technical based. Therefore, the risk management
plan has to incorporate approaches to mitigate both the technical and physical threats. Based
on the other components of the project, several risks were identified.
Body
Risk Identification
The risks associated with the project are environmental, safety and health based risks. These
risks affect the project in several different ways.
Project Costs, Staffing, Resources, Dependencies, and Schedule
The project management is responsible for balancing all the components of the project such
that it is supposed to balance all the project constraints.
Conclusion
Several inevitable changes will occur to the project throughout the life cycle. So far, the
project has not experienced significant changes that can affect its progress.
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Running head: ORGANIZATION AND RISK CONCEPTS
Organization and Risk Concepts
Course title
Student name
Institution affiliation
Date
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ORGANIZATION AND RISK CONCEPTS
Project Risk Analysis and Risk Management Plan
The project’s risks are both physical and technical based. Therefore, the risk management
plan has to incorporate approaches to mitigate both the technical and physical threats. Based
on the other components of the project, several risks were identified. The components under
consideration when identifying the risks involved in the project include project deliverables,
assumptions, the resource plan and WBS.
Risk Identification
The risks associated with the project are environmental, safety and health based risks. These
risks affect the project in several different ways.
i.
Construction based accidents that may lead to severe injuries or death of the
construction personnel. This can affect the schedule and the costs of the project.
ii.
Cost risks: The project could experience high costs as compared to the estimated
costs. The costs estimate for the project could be surpassed by material costs and
personnel costs.
iii.
Use of poor quality resources in exchange for the high quality resources that are
budgeted for, with the goal of reducing the project expenses.
iv.
Technology risks: Since the project would adopt the use of complex technological
services, the implementation process could require more resources than anticipated.
However, there are high risks of technological implementation failures.
v.
Performance risk: The results intended for the project are highly likely to be low.
Since the project is implemented in an unfamiliar ground, the expected results may be
hard to reach or may not be reached all together.
vi.
Communication risks: There are instances where critical components of
communication are neglected, which may lead to misinformation or loss of data
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ORGANIZATION AND RISK CONCEPTS
vii.
Scope creep risk: Unauthorized and uncontrolled changes will occur to the project
such as changes in the construction design, changes in the materials needed for the
completion of the project, or change in personnel. However, these changes are
significant to the project entirely.
Risk Management Plan
The risks presented in the project can be mitigated and well managed to promote success of
the project.
i.
Construction-based a...
