need 4 risk about distant education

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1 1 1 1 NA HH IDUD 000 BOR WBS ID Risk Name Risk Description Sample Scope creep risk Considering the fact that this pandemic is a rare occasion happening in the world, refurbishing hospitals for that specific infection requires detailed scope activities. Any noncoformity with scope as a result of unexpected change in requirements can lead to scope creep. If unexpected changes rise project duration can exceed the target time scale and increase cost. Sample 1.1.1 1.2.3 Refurbishment of hospital is financed by government. In case of decreasing Financing risk pandemic spread in country government might not support the project financially as because there are also another hospitals within the country operates for COVID-19 and their capacity would be enough for active cases. Disapproval of the project by the Ministry of Since this is going to be the first permanent distance MBA course in Azerbaijan Education Ministry of Education may find it not effective. Every unplanned absence of team member can mean potential delay in schedule. Unplanned absence of a team member In the fall and winter, the chances of getting sick increase significantly. And if this specialist was one of the main member of the team, lack of knowledge about the project can affect the timing Adaption of the law on distance MBA courses Cybersecurity risk, Confidentiality violation Since the MBA program is going to be held in the form of online course, it is open integrity Violation to the risks of breach of data, like cyber attacks, loss of student data or recorded lectures. When the project is in the development phase, new online MBA course might be Introduction of new online MBA course launched by the international courses with high reputation, like Udemy, Coursera, CFI etc. As a result, competition will make the project undesirable at first when it is introduced Natural Threats Natural disasters, like fire, earthquake, flood, etc. may create threat to online MBA program as these situations affect all the sectors, Risk Category Type of Risk ( or. Risk Response Description of Response Risk Contingency (if applicable) Probability 2 Scope risk Project Management Risk Mitigate Asses scope regularly, schedule impact against the project baseline to ensure that deliverables are achieved. Develop response team and assign them to prepare quick action plan Very Low 5% 3 Money Risk Transfer Sign award contract with banks to ensure that the project is Work with partner banks for them to support project financially with the low interest rate to continue working on project Low 15% insured financially Project risk Mitigate 5 Prepare a presentation with examples of successtui foreign practices To make sure that all members have same basic knowledge of the project. Depending on how long the member is absent and depending on stage of project the project manager must take decision on the need for replacement Scope risk Project Management Risk Mitigate 6 7 Operational Risk Low 30% 8 To avoid this rink, it is required to have certain level of protection Build responsible IT and risk management Mitigate on data, like 3D security, requiring strong passwords from the users, having 3 step log in procedure team Bulid market research team to get updated Competition will cause to increase the quality and learn from Accept information experience of the repudiated courses Market Risk, Project Management risk Very low 5% 9 Extemal Hazard risk Project Management risk Transfer Sign contract with insurance companies to overcome the situation financial Search for the insurance companies that fit best to the criterias of the project Very low 2% 10 Risa bioact act Dec Rak Owner Triggers Pasay BOR Camry | 3 0.15 Onthon Stakehormets may change Lo 500.000 AZN 78,000 AZN The stational decrease in the ofte infected people 11 Jaya Medums days ye Low de 0.5 Crict 15 Gaya 3 days 10 Medium 19 12 13 14 15 . 20 21 22 . 23 24 25 . 25 27 . 28 Scores Likelihood The probability of realization (within the assessment period) Definition of the conditions of realization 1 0.8 Very high Impact Description Range Natural language expression Impact value used for calculations Numeric score Critical cost of variance 10 High Cost of variance 8 Schedule adjustment Events that have a significant impact on project goals and its 5-15 days cost which may cause project failure cost impact 40% schedule adjustment Such events have major cost/ schedule impact. Secondary k15 days requirements may not be cost impact achieved -20% schedule adjustment Such events have moderate cost/k8 days Schedule impact, but important requirements would still be met. cost impact $ 10% schedule adjustment These events don't have a strong 4 days impact on project cost impact - 5% Schedule adjustment These events don't have a k 24 box negligible impact on Project cost impact Medium Cost of variance 5 Low Cost of variance 3 Very low Cost of variance 1 K5% Impact Probability Very low(1) Low (3) Medium (5) High (8) Critical (10) Very High (5) 5 15 25 40 50 High (4) 4 12 20 32 40 Medium (3) 3 3 9 15 24 30 Low (2) 2 6 10 16 20 Very low (1) 1 3 5 8 8 10 According to above table, risk scores (RS) categorized as follow: 1. Negligible - 1 S RS 0.8 Very high Impact Description Range Natural language expression Impact value used for calculations Numeric score Critical cost of variance 10 High Cost of variance 8 Schedule adjustment Events that have a significant impact on project goals and its 5-15 days cost which may cause project failure cost impact 40% schedule adjustment Such events have major cost/ schedule impact. Secondary k15 days requirements may not be cost impact achieved -20% schedule adjustment Such events have moderate cost/k8 days Schedule impact, but important requirements would still be met. cost impact $ 10% schedule adjustment These events don't have a strong 4 days impact on project cost impact - 5% Schedule adjustment These events don't have a k 24 box negligible impact on Project cost impact Medium Cost of variance 5 Low Cost of variance 3 Very low Cost of variance 1 K5% Impact Probability Very low(1) Low (3) Medium (5) High (8) Critical (10) Very High (5) 5 15 25 40 50 High (4) 4 12 20 32 40 Medium (3) 3 3 9 15 24 30 Low (2) 2 6 10 16 20 Very low (1) 1 3 5 8 8 10 According to above table, risk scores (RS) categorized as follow: 1. Negligible - 1 S RS