PM.348.WC1 Project Risk Management

please help meto answer the Possible Risk Trigger(s) and Proposed Response Actions.

• Project Safeguard will develop and distribute an enterprise-wide software application for backing up employee computer files. Employees will be required to use it for backup.
• Risks, probabilities, and impacts are already identified from previous working sessions. Those risks areitemized below.
• This collaborative work session will discuss each identified risk, its possible significance for the project, then determine plausible responses, triggers, and actions.

R #	Date Identified	Risk	Effect on Project	Risk Owner	Probability (select one)	Impact (select one)	Total Impact ( P x I )	Risk Response (select one)	If it happens: Triggers and Actions
1	7-Jan-2021	EXAMPLE: Loss to project of key staff. SAMPLE RESPONSES INDICATED AT RIGHT	Unable to complete key tasks.	Claude Bishop	1-Low 2-Med 3-High	1-Low 2-Med 3-High	6	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Poor morale, lots of complaints about working conditions, unusually large number of missed meetings and absences. Proposed Response Actions: Launch a special purpose team to investigate work productivity inhibitors and roadblocks. Cross-train team members to handle other job roles so that they can at least partially fill-in for team members that choose to leave.
2	7-Jan-2021	Significant changes in user requirements	Time-quality-cost.	Rachael Palmer	1-Low 2-Med 3-High	1-Low 2-Med 3-High	3	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
3	7-Jan-2021	Volume of change requests following testing may extend work on each phase.	Delays.	Renee King	1-Low 2-Med 3-High	1-Low 2-Med 3-High	4	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
4	7-Jan-2021	Changes in priorities of senior management.	Executives become disengaged and disregard project communications and meetings. Removal of resource, lack of commitment, change in strategy or closure of project.	Fannie Duncan	1-Low 2-Med 3-High	1-Low 2-Med 3-High	6	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
5	7-Jan-2021	Lack of Departmental buy-in	Failure to achieve business benefits. Ineffective work practices. More fragmented processes. Poor Communication.	Mindy Williams	1-Low 2-Med 3-High	1-Low 2-Med 3-High	2	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
6	7-Jan-2021	Lack of commitment or ability to change current business processes.	Failure to achieve business benefits. Extended duration. Scope creep to copy today's processes.	Perry Fletcher	1-Low 2-Med 3-High	1-Low 2-Med 3-High	6	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
7	15-Feb-2021	Poor capture of full User requirements.	Failure to meet minimum requirements. Failure to achieve business benefits. Need to rework solution after rollout. Failed delivery.	Jesse Norman	1-Low 2-Med 3-High	1-Low 2-Med 3-High	6	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
8	15-Feb-2021	Inadequate training - too little too late.	Users unable to use system properly.	Mario Edwards	1-Low 2-Med 3-High	1-Low 2-Med 3-High	1	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
9	15-Feb-2021	PM Resigns before project is complete.	Sudden lack of leadership at PM level.	Caroline Hart	1-Low 2-Med 3-High	1-Low 2-Med 3-High	3	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
10	15-Feb-2021	No suitable solution found that meets all the objectives	Ineffective project deliverables.	Darryl Fisher	1-Low 2-Med 3-High	1-Low 2-Med 3-High	3	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
11	15-Feb-2021	Loss of power or internet connection at key roll-out, demo or training events.	Users will not take the product seriously if it cannot be demonstrated to work.	Jill Nichols	1-Low 2-Med 3-High	1-Low 2-Med 3-High	3	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
12	15-Feb-2021	Costs could rise significantly during the course of the project	Sponsor may be unable to financially support the project.	Hector Brady	1-Low 2-Med 3-High	1-Low 2-Med 3-High	9	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
13	15-Feb-2021	Poor intra-project communications.	Disjointed work, lack of cohesion.	Estelle Hanson	1-Low 2-Med 3-High	1-Low 2-Med 3-High	4	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
14	15-Feb-2021	A large portion of the task estimates are inaccurate.	It will take longer and cost more to execute the WBS tasks.	Vanessa Austin	1-Low 2-Med 3-High	1-Low 2-Med 3-High	6	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
15	15-Feb-2021	Activities are missing from scope.	Nobody will be paying attention to necessary work that won't get done.	Christina Rice	1-Low 2-Med 3-High	1-Low 2-Med 3-High	2	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:
16	15-Feb-2021	Project team misunderstands or misinterprets project requirements	A gap may develop between expectations, requirements and work packages.	Abel Shaw	1-Low 2-Med 3-High	1-Low 2-Med 3-High	3	AVOID TRANSFER MITIGATE ACCEPT	Possible Risk Trigger(s): Proposed Response Actions:

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