Question: Based on posted Project Report "Nap Center", Please find out the Nap Center's Risks and Threats. What are the risk response strategies for that risk and threats? And what are the planning to implement each strategies?

10 Cost Price fluctuations in materials and labor costs * High cost of facilities Risks Safety Financial * Legal Environmental Project Quality Sudden rises in costs Scope creep *Delivery time for materials Lack of communication and corporation Product changes High Level Risks Risk Potential Outcome Risk Response * Monthly reports, Exception Project Management Poor communication reports, Escalation reports, Risks Inexperienced Project Team and project status Team11 * Poorly Defined Project reports, Milestone reports, Scope, Objectives, Emails, Hardcopies, Face to Costs, and face presentations and demos Deliverables Past project information and Misunderstanding with research Stakeholders Well defined, clarified project scope, objectives, cost, and deliverables by both stakeholders and project team members Initial agreements with accurate information Reach out to a lawyer for in * Safety Regulations detail information Building Regulations Legal Risks * Discussion and agreements * Disputes Related to with building owner Contractual Conduct an audit to Documents determine whether you are * Labor Laws complying with current regulations12 Hiring trained labor Safety Risks Exposed Electrical * Controlled access to the site * Heavy Equipment * Personal protection * Extreme Heights equipment Airborne Materials Untrained Workers Proper cost estimations Financial Risk Increase in material Strictly following the project costs deadlines * Project delays * Procure materials from Environmental Insurance dispute multiple sources Risks * Unnecessary costs Conduct surveys on Destruction of continuity capability of valuable documents suppliers * Digitalization of project documents from start to end Budget Budget break-up Item Quantity Unit Price Total Budget description (CAD) (CAD)13 Napping Chairs 12 600 7,200 Office Desk and Chairs 1,000 1,000 Blind Curtains (Visor) 25 60 1,500 Cubicle Dividers 12 200 2,400 Locker 1 500 500 Lighting Fixtures and Installation (Outsourced) 25,000 Noise Cancelling Headphones 12 250 3,000 Decoration 2500 1250 Contingency fund 3000 10,000 Labor cost (5 individuals, 42 days, 8 hrs/ day, 25$) 42,000 Grand Total 93, 850 Charter sponsor signoff UCW Alumini Club Secretary Pasaporte Cyril Sponsor signature Project manager signature UCW Alumini Club WeGroup Company 23"d March 2023 23"d March 202314 Work Breakdown Structure UCW Nap Center Project Planning Procurement and Interior Design and Testing and Site Preparation Project Closeout and Preparation Installation Decoration Commissioning Identify potential Design the interior Test all equipment Finalize project Define project scope Procurement Lighting and and objectives locations on campus Electrical Work of the nap center and systems documentation Install blind Develop project Select the final Obtain quotes from Outsource lighting curtains, Commission nap Obtain project sign decorations, off plan location suppliers and electrical work center for use signage, etc Obtain project Prepare the site for Place orders for Install lighting Conduct final approval construction equipment features inspection Receive and inspect Allocate resources Close project the equipment Install napping chairs, office desks and chairs, cubicle lividers, locker, etc15 Project Stakeholder Register Project Name: UCW Nap Center Project Phase: Planning Phase Power (5 Interest (5 Internal / Name Title Role Contact Details Highest, 1 Highest, 1 External Lowest) Lowest) Swathi (UCW Peer2Peer End User Students External Email: Swathi @ucw.ca, Phone - (236) 591 2040 3 5 Member) IKEA Sales Manager Suppliers External E-mail- gulprit@ikea.ca, Phone - (236) 405 1564, Meeting - Richmond IKEA (3320 Jacombs Rd 4 4 Unit 1, Richmond, BC V6V 126) Home Depot Sales Manager Suppliers External E-mail - victor@homedepot.ca, Phone - (236) 256 5676, Meeting - Vancouver Location (900 4 4 Terminal Ave, Vancouver, BC V6A 4G4) OneStop Electrical Team leads Constructors External E-mail - james@onestop.ca, Phone - (778) 322- W 4 Services coordinator 7016 Cyril Pasaporte Project Project Internal E-mail - pasaporte@wegroup.ca, Phone - (236) 5 Manager controller 678 1452 Harshani Kaushalya, Project Team Internal E-mail - harshani@wegroup.ca, Pabodi Hettiwatta, Keyur Coordinators Members pabodi@wegroup.ca, keyur@wegroup.ca, 5 Vijay, Sharad Chandra, sharad@wegroup.ca, oshadhi@wegroup.ca Phone Oshadhi Vishmini Harshani (235) 367 8765, Pabodi - (236) 65416 1562, Keyur (236) 56? 7312, Sharad (736) ms 3765, Oshadhi (235) 755 "890 376T David UCW Alumini Sponsori' ' External ' Email david@ucwalumni_ca, Phone (234] 56? Project Communication Plan Project Name: UCW Nap Center Project Phase: Planning Phase Communication Method Frequency Goal Project status Email Weekly Review project status and. discuss potential report issum or delays Team standup Daily Discuss what each team member did yesterday, what they'll do today and any blockers Task progress Team Gmt chart Daily Share daily progress made on project tasks Project Manager Project Team update Project review Meeting, MS At milestones Present project deliverabla, gather feedback, Project Manager Project Team Teams and discuss next step Postmortem Meeting, MS At end of the Assess what worked and what did not work Project Manager Project Team meeting Teams project and discuss actionable takeaways 17 Project status E-mail Weekly Review project status and discuss potential Project Manager Project Sponsor report issues or delays Project review Meeting, MS At milestones Present project deliverables, gather feedback, Project Manager Project Sponsor Teams and discuss next steps Work Breakdown Structure, Stakeholder Analysis and Communication Plan sponsor signoff UCW Alumini Club Secretary Pasaporte Cyril Sponsor signature Project manager signature UCW Alumini Club WeGroup Company 23rd March 2023 23rd March 20233 Project Description General Project Information Project Name UCW Nap Center Project Type Interior Construction Project Mission Mission of the project is to implement a nap center for MBA students of the University Canada West eliminate the stress and thereby enhance mental wellbeing and academic performance of students. Project Goals and Objectives Goals Objectives Stick to the proposed time frame * Decide the best location to implement the *To complete the center with the center required equipment and Achieve the progress step by step as per infrastructure milestones by completing each work Client satisfaction package accordingly * Utilize the most affordable and Discuss and take quotations from the applicable technology according to suppliers to purchase the required input the budget Identify and communicate the project . Meet the intended deliverables of requirements thoroughly with the project4 the project terms team * Digitalizing all the important project documents from start to end Maintaining the consistency and quality of the project deliverables Business Goals / Objectives Business Goals / Objectives Description Enhancing the reputation of Working with one of the best universities in British the company Columbia is a good way of earning recognition from industry experts for further growth Seeking new talented employees As a newly started business, we are seeking new talented people from marketing, finance, accounting, design thinking, and architecture. Collaborating with UCW would be a good opportunity to increase awareness among students and expand our business with new hirings and trainees.5 Increasing the supplier Having new relationships with new suppliers is essential relationships to identify suppliers with high potential for a continuous supply of materials at reasonable prices. To become one of the leading Being unique, creative, and innovative. industry giants in the interior We consider each project as a new challenge and design sector experience for our company Project scope It defines the detailed description of the project napping pods. It includes identifying a suitable space for the installation pods with all the required permissions. Our primary purpose is to deliver a relaxing, zero distracted environment for UCW students to take 20 minutes nap. This will inspire students to rejuvenate themselves for academic activities by eliminating stress, and anxiety. The project includes planning, site preparation, Procurement, Interior design, testing session before the commission and closing. Stakeholder engagement, risk assessment, communication, and other activities are monitored and executed within the proposed timeframe and budget to successfully deliver the project.6 A list of In Scope and Out of Scope activities is available below: In Scope Out of Scope * Getting approvals * Students having intervals between * Installing private pods for not more the lectures are given preference than 12 students Ventilation facilities included * Interior architecture design plan and * Construction or demolishing any floor plan walls Inspection of the equipment for the Beds, bedsheets, pillows expected quality and performance Fire alarm system Electrical wiring, speakers, 12- compartment locker, office chair, table, blind curtains, interior decorations, lighting * Napping pods are designed with facilities such as sleeping chairs, noise cancellation headsets, an installed relaxing music system,Deliverables * Twelve private napping pods separated by cubicle dividers for maximum 12 students Estimated size of the cubicle divider is 6 ft x 6 ft 12 compartment locker which is in the size of 36 x 18 x 72 " (WXD X H) * Electrical wiring, speakers, 12-compartment locker, office chair, table, blind curtains, interior decorations adjustable lighting * 12 comfortable and adjustable napping chairs each one with optional noise cancellation headset for personal use, an installed relaxing music system All the user manuals and warranty cards of the equipment will be handed over to the UCW management at the end of the project * Lighting and electrical work are done by an outsourced group "OneStop Electrical Services) and they provide with materials and labor Schedule and Key Milestones Project Start and End Date : From 3"d April 2023 to 30th June 2023 Key Milestones: # Milestone End Date Project planning 3rd April 2023 - 215t April 2023 Site preparation 2 4th April 2323 - 14 April 2023Procurement and Installation 3 14th April 2023 - 12th May 2023 4 Lightning and Electrical work 14th April 2023 - 12th May 2023 5 Interior design and decoration 12th May 2023 - 2"d June 2023 6 Testing and commissioning 3rd June 2023 - 29th June 2023 7 Project Closeout 30th June 2023 Assumptions Key Assumptions Details Project Goals and Strategies | Proper communication with clients, suppliers, and the project team and stakeholdersResources 12 sleeping are not sufficient to meet student demand Materials ordered will be delivered on time, with expected quality Financial Estimated material cost and labor costs will remain constant throughout the project Constraints Project Constraints Details Design Limited facilities due to budget * Meet the needs of the client Comfortability and safety Stakeholder's Change of Ideas * Building Regulations Time * Limited time for Planning and Strategies * Estimated Project Timeline * Time allocated for each Task