I am tasked to organize a summer concert for students at Unisa graduate school of business leadership. I have just finished a preliminary scope statement for the concert project.

TASKS:

I need to brainstorm potential risks associated with the project.

1. Identify potential risks associated with this project. Come up with at least 10 different risks.
2. Use risk assessment form to analyse identified risks.
3. Develop a risk response matrix to outline how you would deal with each of the risks.

Project Objective:

To organize and deliver an eight-hour concert at FNB Stadium at a cost not to exceed R700,000 on the last Saturday in September.

DELIVERABLES

• Local advertising
• Concert security
• Separate Beer Garden
• Eight hours of music and entertainment
• Food venues
• Souvenir concert T-shirts
• Secure all permits and approvals
• Secure sponsors

MILESTONES

(a) Secure all permissions and approvals by 15 May

(b) Sign big-name South African music artist by 15 June

(c) Complete music artist roster by 01 August

(d) Secure vendor contracts by 15 August

(e) Setup completed on 22 September

(f) Concert on 23 September

(g) Clean-up completed by 28 September

TECHNICAL REQUIREMENTS

(a) Professional sound stage and system

(b) At least one big-name music artist

(c) At least 10 performing acts

(d) Restroom facilities for 30,000 people

(e) Parking available for 2,500 cars

(f) Compliance with UNISA and city requirements and ordinances

LIMITS AND EXCLUSIONS

(a) Performers responsible for travel arrangements to and from FNB Stadium

(b) Vendors contribute a set percentage of sales

(c) Concert must be over by 11.30 pm.