The Case:Queensland Health System needed a replacement for its payroll system.

The case discusses a range of risks that have occurred throughout the project lifecycle. The risk lifecycle illustrates the concept that the chance of a risk occurring is more likely in the defining stage but cost is low. The chances of a risk decreases throughout the project lifecycle but the cost to fix the risk event increases.

Consider the illustrated risk project lifecycle explain how project risk affected the case study project through its lifecycle and associated cost implications. Describe the risks and critically analyse what actions were taken and what actions could have been taken to mitigate the risks. Use theory and provide examples.