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Based on Word “Potential Risk “, Excel File “Risk Register”, “Heat Map” ,write a risk management report of project management.File 4 is the PPT I made for this risk part.File 5 is an example of report.Please read P12-15 :Risk Analysis and Management Part. You can base on it.As for tools,you only need to write about risk register(like identification) and heat map analysis.However, you must include 1.Risk Identification,(Risk Register,Threats,Risk Breakdown Structure), 2.Risk Management Plan (Risk Strategy,Roles and Responsibilities,Funding,Timing)3.Benefits Realization and Sustainability or implement plan.4. A conclusion about risk management.5.Appendixes from those materials.File 6 and 7 is charter and net work of our team project “Go for sport”.
potential_risk_of_go_for_sport_2_.docx

go_for_sport_heatmap.xlsx

go_for_sport_risk_assessment_and_riskregister.xls

go_for_sport.pptx

ad642_finalprojectplanreport_2019example_cosangra.docx_1_.pdf

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Potential Risk of Go For Sport
● Technical Aspect
Technical Potential Risks
Requirements: The purpose of the go for sport is to ensure finding a player partner is easy thus uses
Instagram. However, its size may slow the activities of electronic gadgets a fact that may make
most users to dislike it hence the risk of poor inception into the market.
Technology: The application will be available in the online platforms thus will be vulnerable to
breaches from people who need access but do not want to pay for the service. The potential of
hacking the system is higher with the intricate technologies thus may work to limit the
profitability that the project is the sort to achieve. Similarly, the innovation may not be
compatible with particular devices as they may not be android driven or IOS driven.
Interface: The probability that adequate data relating to the performance of the interface may not be
available since the commodity will have a low level of awareness among the people. Therefore,
the complexity of the systems may render the application unavailable to the users resulting in
poor inception by the people. The possibility of finding performance, physical and functional
attributes of the application from the people may limit the chances of providing some
sustainable interface that identifies with the ever-changing status of the users. This risk may
render the app incapable of putting up with the changing technological innovations thus being
faced out of the market by competitors.
Performance: there is a probability of some functions of go for sport failing to be compatible with
the functions in Instagram, or we chat thus limiting its use, as these are the major social media
platforms supporting functions of this app. Similarly, the software package may be too large
for most electronic gadgets thus lowering the speed of such gadgets; these may limit people
from having this app in their systems. Third, there is a possibility of injury during playing the
games a concept that may pose a greater risk to the innovation. This performance-based risk is
the most prominent as the main objective of the software is to improve playing among people
from different places.
Reliability: This is the measure of the possibility of accessing the services of go for sport at any time
convenient to the potential user. The large space may pose the app unreliable, as the system
function of electronic gadgets would be significantly slower. Similarly, the reliability of
external sponsors may pose the entire project into jeopardy when he or she fails to yield to
their financing requirements. Reliability concerns may also arise from the equipment
necessary for the development of go for sports software. Finally, there is a possibility of
hacking the software network thus making the use of the system unreliable to the users.
Quality: This is the ability of the gadget to satisfy the needs of the users, the potential risk concern is
the vulnerability of the software to hacking thus subjecting the private information of the users
to unwarranted personnel. The second is the availability of necessary awareness to ensure
faster meeting of the people in the platform. The unavailability of information from plot tests
due to poor public awareness may derail the developers an opportunity to have relevant
criticism that can be of use in the improvement of the device thus quality may not be a
guarantee.
● External Risk
Regulations: Data Protection Laws & Regulation requires the mobile applications protect the
personal data and privacy of users, the database that stored user data might be hacked. (solution:
make the developers be responsible for data security at different stage, do not design the applet
to collect some useless data)
European countries have “European Data Protection Regulations” to shape their privacy
environment. The regulations are used to prevent European’s privacies from abusing by other
firms, because of this regulations, Go for Sport might not allow to track and use European
citizens’ location data, which are the fundamental but critical for users who use Go For Sport.
Markets: The salaries of the applet developers might fluctuate according to the market conditions. If
there is a shortage of programmers (either IOS or Android), the average salaries for the
developers will increase in the marketplace, therefore, there has the possibility that the
programmers for Go For Sport will ask for wage increasing, they might strike for higher wages.
As a result, Go For Sport team may face the risk of project delay, and budget excessment.
Customers: Customers’ preferences, needs, and wants are dynamic. One of the assumption for Go
For Sport is that in the marketplace has a large amount of sports lovers who want to do sports
but have difficulties to find the partners. However, there might be some change to the situation:
the sport lovers might shift the hobbits to other entertainment like movies, karaoke, or board
games. Based on the reality, this possibility is low, but Go For Sport team should also consider
about it.
Weather: The Go For Sport project started at February 2nd, the winter time of Boston. During the
winter, the heavy snow might have serious impact of the server capacity, for example, the
internet, the wifi, which will ultimately influence the speed of the applet development, because
the applet development process is based on the stable internet environment.
● Organizational
Dependencies:
In many cases, the work between teams is very relevant. Many times, if the previous work is not
implemented, the follow-up will not be able to expand. The results produced by one team may
impact the results in another team. The assessment criteria between the partners will also affect
the quality of the work. If the assessed as a team, there may be mutual dependence between the
team members. The responsibility is unclear and the efficiency is low. If you follow the individual
assessment, it may lead to the situation where team members are not willing to share information.
There will be some communication problems.
Resources:
People, physical assets, applications and funding used throughout the project are regarded as
resources. The resources are limited, and make full use of them may bring the maximum benefits.
For people, if the team doesn’t have enough people to finish the project, the work load of each
team member will under pressure when they shoulder many tasks. If a team doesn’t get enough
money, the project may fail in the process. Limited physical assets may cause trouble for a team
to work smoothly and may cause time waste in waiting. So, find the relationship between resources
and figure out what could be shared among a team would be critical.
Funding:
Funding is an important resource in an organization. Funds are the guarantee for operation of a
project. For a technology project, the characteristics would be large capital demands, but small
source of funds. Many projects are terminated due to lack of funds when they are not completed.
How to manage funds efficiently and reasonably has always been a problem in an organization.
Every team member wants to get as much funding as possible, so there will be some conflicts.
Cash Flow:
The definition of cash flow risk is that a project’s available cash cannot be sufficient to meet the
financial obligation. If the funding is too small, the project cannot deliver on time. The workers
may not get paid. This risk may emerge in long-term project. A project often uses the future
money to support its present operation. If the project could not be profitable in the future, it
cannot meet the financial obligation. The team will feel unsatisfied about the project, and lose
confidence in completing it.
Priorities:
Everyone will think that their task is very important and they hope that their work will be given
priority. But in fact, according to the difficulty level of work or the amount of capital input, there
would be priorities. Those who do not have priority in the team will feel unfair, and the enthusiasm
for work will not be as high as those who receive priority. Let the team members have a sense of
fairness, and appreciate their work will encourage them.
● Project Management
Estimation: There are potential risks which may be attached to estimation such as the
unforeseen circumstances such unavailability of venues for the sporting activities.
Inaccurate estimation formula whereby the formula or technique used to establish an
appropriate budget for the full implementation of the Go for Sport may be inaccurate.
The use of wrong parameters during the estimation procedure such the parameters used to
identify the features which are desired by lovers of sport at Boston. The estimate may
also be optimistic whereby the budget of the go for sport applet may not be fully funded
by the sponsors as expected.
Communication: There are communication challenges which may be faced during the pilot
version testing of the Go for Sport project. This is because most potential users of the Go
for Sport applet may not be aware of the existence the applet during test version piloting
and therefore trying to communicate to them and create awareness on the same may be
challenging. Therefore much data may not be collected during the pilot version testing.
Another special potential risk associated to the go for sport is that it involves
communication between strangers and some people may not feel comfortable
communicating with strangers hence limiting the number of potential users.
Training: The staff acquired to run the Go for Sport project may not have the specific skills
needed to operate and manage the applet. Therefore they must be offered appropriate
training to equip them with the required skills. The training may hence be costly and
could go beyond what was budgeted hence putting the project in to a risk of insufficient
funds as a result of extra funds being spent on training. Additionally, the project may face
some potential risks associated with effectiveness if the staff acquired lack the necessary
training.
Project
Technical
External
Organizational
PM
Requirements
Subs
Dependencies
Estimates
Technology
Regulations
Resources
Communication
Interfaces
Market
Funding
Training
Performance
Customer
Cash Flow
Reliability
Weather
Priorities
Quality
Likelihood Significance
4.00
3.00
5.00
4.00
5.00
4.00
3.00
3.00
2.00
3.00
3.00
2.00
4.00
3.00
4.00
4.00
3.00
2.00
4.00
4.00
Likelihood
1
2
3
4
5
Low
Low-Medium
Medium
Medium-High
High
5.0
4.0
3.0
Significance
Event name
Customer risk
Operational risk
Capital resource risk
Budget risk
People risk
Requirement risk
Product risk
Schedule risk
Human resource risk
Finance risk
2.0
1.0
0.0
0.0
1.0
HEAT MAP
Schedule risk
Finance risk
People risk
Budget risk
Operational risk
Capital resource risk
Customer risk
Product risk
Requirement risk
Human resource risk
2.0
3.0
Likelihood
4.0
5.0
What is the Risk?
Describe the identified Risk
Customer risk
Exploring the different platform
that can ease the development of the
application and make it friendly
user for easy accessible
Operational risk
Adherence to resource tasks
allocation can create an opportunity
to lay off the nonperforming
workers.
Purchasing highly priced capital
equipment will force the Go For Spot
Team to incur additional costs.
Capital resource risk
Budget risk
Implementing the project at the
current budget will increase failure
risks due to inflation.
People risk
Unavailability of resources and key
project team can create uncertainty
when it comes to the reaction of the
corporate operating environments.
Requirement risk
Merging may result into conflicts
with the prevailing governmental
policies.
Product risk
Complex technical development
foster and facilitate research and
development for the Go For Sport
Team.
Schedule risk
The Go For Sport Team may fail to
complete the project within the
prevailing timelines.
Human resource risk
The project may in the end overwork
the HR reducing the ability to
perform its critical functions.
Finance risk
Monitoring and sustain allocated
budgets will help the Go For Sport
Team to increase the overall profit
margins.
How is risk currently managed?
Comments/Concerns
Impact
mitigate strategy consisting on setting Right planning
the price of the application
strategy in place
development
Moderate
Exploit this opportunity by creating a Regular progress and
high level performance management plan. development meetings
Significant
Avoid this risk by outsourcing the
Reduce cost and
operations that require the use of the associated expenses
equipment, thus eliminating the
purchase costs.
Significant
Mitigate strategy by implementing a
cost management policy with which to
keep the budgets at par with the set
plan, decreasing the impact on the
project to low
Moderate
Regular evaluation of
the budget
Escalate strategy so that managers can Regular Technical
decide upon creating a sensitization
meeting
plan to educate the people on the
implications of the new product.
Moderate
Accept this threat risk on the basis of Regular policies and
its low impact and probability of
legalisation update
occurrence.
Mild
Enhance strategy based on investing in R& D effective police
research and development to increase
and procedures
the probability of occurrence
Moderate
Mitigate by implementing the concepts Regular progress and
of crushing and simultaneous completion steering committee
of some project tasks to reduce the
meeting
impact of this threat on the project
Significant
Transfer this risk to the HR department Regular progress and
so that they can allocate the tasks and steering committee
manage people working in the project. meeting
Share the opportunity and apply best
practices in the team by maximizing the
core principles of the project to
guarantee profit margins.
Mild
Stakeholder and Senior Significant
Management cascading
team objectives and
goals
Likelihood
Impact Score Likelihood Score
Risk Score
Medium-High
3
4
12
High
4
5
20
High
4
5
20
Medium
3
3
9
Low-Medium
3
2
6
Medium
2
3
6
Medium-High
3
4
12
Medium-High
4
4
16
Medium
2
3
6
Medium-High
4
4
16
Else to reduce or control the risk? Job Tittle
Consider using the costs of
public
techenical development in setting relations
the final price and basing it on the officer
prevailing market conditions.
Constantly monitor the progress made operations
by each employee concerning the
manager
aspects of applet.
Allocate additional budgets to the
process.
finance
officers
Create an allocation for inflation. project
manager
Run advertisements to increase
awareness on the applet to the
surrounding environment.
project
manager
Create a team of experts that deals project
with legal and compliance aspects. manager
Support the core functionalities of project
the team to accommodate the
manager
recommendations achieved from
research and development.
Allocate additional time to
accommodate the deviations in
timeline.
human
resources
manager
Create a dedicated project
development team.
finance
officer
Expand the scope of the project to
increase the achieved profits.
finance
officer
Target Complemention Date
5/15/2019
6/10/2019
6/22/2019
7/25/2019
9/28/2019
12/18/2019
1/5/2020
3/22/2020
5/24/2020
8/28/2020
What is the Risk?
Customer risk
Else to reduce or control the risk?
Consider using the costs of techenical
development in setting the final price and
basing it on the prevailing market conditions.
Operational risk
Constantly monitor the progress made by each
employee concerning the aspects of applet.
Capital resource risk Allocate additional budgets to the process.
Budget risk
Create an allocation for inflation.
People risk
Run advertisements to increase awareness on
the applet to the surrounding environment.
Requirement risk
Create a team of experts that deals with legal
and compliance aspects.
Product risk
Support the core functionalities of the team
to accommodate the recommendations achieved
from research and development.
Schedule risk
Allocate additional time to accommodate the
deviations in timeline.
Human resource risk
Create a dedicated project development team.
Finance risk
Expand the scope of the project to increase
the achieved profits.
Job Tittle
public relations
officer
operations
manager
finance officers
project manager
project manager
project manager
project manager
human resources
manager
finance officer
finance officer
Go For Sport
Team Arcturus
Network Diagram
• Provide a clear schedule for the whole project
• Demonstrate the sequence, dependency, and duration of
the tasks
Network Diagram (Conceptual) for Go For Sport
Network Diagram in Project Software
Critical path
• The longest path from the beginning milestone to the
ending milestone.
• The shortest period of time to accomplish the project.
Project Cost Estimation
Bottom-up approach
• Knowing all the details, such as duration and dependencies of different
tasks, the cost estimation will have higher accuracy
• Less chance recalculate the budget estimation and can assign more
resources to the tasks
• Each project is unique, each project has its own characteristics that there
is no exact analogy for estimation
Project Cost Estimation
Totally ten categories:










Acquiring staff
Motivating staff
Renting office
Purchasing furniture
Getting office supplies
Purchasing computer communications
Acquiring tools and techniques
Obtaining server capacity
Developing prototype
Doing assessment
Project Cost Estimation
Risk Structure
Project
Technical
Organizational
External
PM
Requirements
Technology
Subs
Regulations
Dependencies
Resources
Estimates
Interfaces
Performance
Market
Customer
Funding
Cash Flow
Communication
Reliability
Quality
Weather
Priorities
Training
Identify Risks
Project
Customer
risk
Operational
risk
Capital
resource risk
Budget risk
People risk
Requirement
risk
Product risk
Schedule risk
Human
resource risk
Finance risk
Threat: Customer Risk
Exploring the different platform that
can ease the development of the
application and make it friendly user
for easy accessible
Opportunity: Product Risk
Complex technical development
foster and facilitate research and
development for the Go For Sport
Team.
Heat Map
Risk Response
Threat: Customer Risk
Mitigate strategy consisting on
setting the price of the
application development
⚫ Avoid
⚫ Exploit
⚫ Transfer
⚫ Share
⚫ Mitigate
⚫ Enhance
⚫ Accept
⚫ Accept
⚫ Escalate
⚫ Escalate
Opportunity: Product Risk
Enhance strategy based on
investing in research and
development to increase the
probability of occurrence
Inplement
Plan
BU MET AD 642 PROJECT PLAN – GROUP 3 TEAM C
Boston University
MET AD 642 Project Management
Spring 2019
Project Plan Elements:
CoSangRA
A mobile application for the American Red Cross
James Taylor
Bette Midler
Cecelia Zhang
Yulia Petrenkov
Marty Wan
BU MET AD 642 PROJECT PLAN – GROUP 3 TEAM C
Table of Contents
1.0 Executive Summary……………………………………………………………………………………..….2
2.0 Introduction……………………………………………………………………………………….………….3
2.1 Project Charter……………………………………………………………………………………….……4
2.2 Stakeholder Register………………………………………………………………………………….…..5
2.3 Project Priority Matrix……………………………………………………………………………….……5
3.0 Scope…………………………………………………………………………………………………………6
3.1 Work Breakdow …
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