Question

Risk Register

Assignment Content

1. Tony and his project team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information, Tony decided to be more proactive in managing risks and want to address positive risks as well as negative risks.

   Complete the following tasks:

   1. Create a risk register for the project. Identify 6 potential risks, including risks related to the problems described in the previous paragraph. Include negative and positive risks.
   2. Develop a 45- to 90-word response strategy for each risk. Enter the information in the risk register.
   3. Write a separate 175-word paragraph describing what specific tasks would be required to implement the strategy. Include time and cost estimates for each strategy.

Answer 1

Risk register for the project: Tony has a previous project management and systems analysis experience within the company, and he is an avid sports buddyt. Tony wants starting to put the project team together. He knew he would have to develop a survey to solicit input from all employees about the new system and make sure it would be a user-friendly.

Potential risks(Negative and Positive risks): The Recreation and Wellness Intranet Project team should work hard to ensure that the new system they develop meets expectations. The team has a detailed scope statement, but the project manager, Tony Prince, make sure they’re not forgetting requirements that might affect how people view the quality of the project. He should know that the project’s sponsor and other senior managers are most concerned with getting people to use the system, improve their health, and reduce healthcare costs. Users want the system to be user-friendly, informative, fun to use, and fast.

Strategy Implementation:

Allow employees to register for company-sponsored recreational programs, such as soccer, softball, bowling, jogging, and walking.

Allow employees to register for company-sponsored classes and programs to help them manage their weight, reduce stress, stop smoking, and manage other health-related issues.Track data on employee involvement in these recreational and health-management programs. Offer incentives for people to join the programs and do well in them (e.g., incentives for achieving weight goals, winning sports team competitions, etc.).

Cost Estimate:

1. Assume a labor rate of $100/hour for the project manager and $60/hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.

1. Project management

2. Requirements definition

3. Web site design

3a Registration for recreational programs

3b Registration for classes and programs

3c Tracking system

3d Incentive system

4 Web site development

4a Registration for recreational programs

4b Registration for classes and programs

4c Tracking system

4d Incentive system

5. Testing

6. Training, rollout, and support

  cost baseline by allocating the costs by WBS for each month of the project.

3. Assume that you have completed three months of the project. The BAC was $200,000 for this six-month project. You can also make the following assumptions:

PV = $120,000

EV = $100,000

AC = $90,000