Difference between revisions of "Network Analysis of Interlocking Directorates/Project Management/Risk Assessment"

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|style="font-size:100%; border-left:1px solid #ffffff; border-right:1px solid #ffffff; text-align:center; background-color:#151C55; " width="10%" |[[Network_Analysis_of_Interlocking_Directorates/Project_Management|<font color="#ffffff"><b>Project Plan</b></font>]]  
 
|style="font-size:100%; border-left:1px solid #ffffff; border-right:1px solid #ffffff; text-align:center; background-color:#151C55; " width="10%" |[[Network_Analysis_of_Interlocking_Directorates/Project_Management|<font color="#ffffff"><b>Project Plan</b></font>]]  
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|style="font-size:100%; border-left:1px solid #ffffff; border-right:1px solid #ffffff; text-align:center; background-color:#8A740C; " width="10%" |[[Network_Analysis_of_Interlocking_Directorates/Project_Management/Risk_Assessment|<font color="#ffffff"><b>Risk Assessment</b></font>]]  
 
|style="font-size:100%; border-left:1px solid #ffffff; border-right:1px solid #ffffff; text-align:center; background-color:#8A740C; " width="10%" |[[Network_Analysis_of_Interlocking_Directorates/Project_Management/Risk_Assessment|<font color="#ffffff"><b>Risk Assessment</b></font>]]  
 
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==<font face="Corbel"  color= #688e23 font-weight: bold size=5%>Risk Assessment Table==
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| align="center" style="background:#688e23; color:#ffffff"|'''S/N'''
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| align="center" style="background:#8A740C; color:#ffffff"|'''S/N'''
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| align="center" style="background:#688e23; color:#ffffff"|'''Risk Statement'''
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| align="center" style="background:#688e23; color:#ffffff"|'''Type of risk'''
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| align="center" style="background:#8A740C; color:#ffffff"|'''Type of risk'''
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| align="center" style="background:#688e23; color:#ffffff"|'''Likelihood (H/M/L)'''
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| align="center" style="background:#688e23; color:#ffffff"|'''Risk Rating'''
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| align="center" style="background:#688e23; color:#ffffff"|'''Mitigation strategy/ Contingency Plan'''
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| align="center" style="background:#8A740C; color:#ffffff"|'''Mitigation Strategy'''
 
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| 1||Lack of knowledge regarding corporate structure||Non-Technical||Medium||Medium||Medium
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| 1||Lack of knowledge regarding corporate structure||Non-Technical||Medium||Medium||bgcolor=#fffacd|Moderate
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||
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*Refer to research papers for previous research hypothesis & results.
 
*Refer to research papers for previous research hypothesis & results.
 
*Regular consultation to clarify if there is any doubt.
 
*Regular consultation to clarify if there is any doubt.
 
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|-
 
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| 2||Limitation on Data Extraction||Technical ||Medium||Medium||Medium||*Test different ways of doing it, and develop an iterative method to acquire data.
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| 2||Limitation on Data Extraction||Technical ||Medium||Medium||bgcolor=#fffacd|Moderate
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*Test different ways of doing it, and develop an iterative method to acquire data.
 
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| 3||Team is unfaimiliar with R-programming||Technical ||Medium||High||bgcolor=#f08080|High
 
| 3||Team is unfaimiliar with R-programming||Technical ||Medium||High||bgcolor=#f08080|High
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*More research and learning should be done and shared within the team.  
 
*More research and learning should be done and shared within the team.  
 
*If necessary, re-confirm the priority and revise project plan to get more time learning before applying the technology.
 
*If necessary, re-confirm the priority and revise project plan to get more time learning before applying the technology.
 
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| 4||The network data may not be completed||Technical||High||High||bgcolor=#f08080|High
 
| 4||The network data may not be completed||Technical||High||High||bgcolor=#f08080|High
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*Gather suitable data with appropriate size.
 
*Gather suitable data with appropriate size.
 
*Iterative methodology of gathering data stages.
 
*Iterative methodology of gathering data stages.
 
*Use different algorithm and decide the most appropriate method to acquire data and organise accordingly.
 
*Use different algorithm and decide the most appropriate method to acquire data and organise accordingly.
 
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| 4||Schedule. Team members are busy with school work.||External ||Medium||Medium||bgcolor=#fffacd|Moderate|
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| 4||Schedule. Team members are busy with school work.||Non-Technical||Medium||Medium||bgcolor=#fffacd|Moderate
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|Plan ahead and make sure that all team members are comfortable with the work load and free to meet on the dates scheduled.
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*Plan ahead and make sure that all team members are comfortable with the work load and free to meet on the dates scheduled.
 
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Latest revision as of 22:23, 23 January 2015

Home Project Overview Findings & Insights Project Management Project Documentation Learning Outcomes


Project Plan Risk Assessment


Risk Assessment Table

S/N Risk Statement Type of risk Likelihood (H/M/L) Impact (H/M/L) Risk Rating Mitigation Strategy
1 Lack of knowledge regarding corporate structure Non-Technical Medium Medium Moderate
  • Refer to research papers for previous research hypothesis & results.
  • Regular consultation to clarify if there is any doubt.
2 Limitation on Data Extraction Technical Medium Medium Moderate
  • Test different ways of doing it, and develop an iterative method to acquire data.
3 Team is unfaimiliar with R-programming Technical Medium High High
  • More research and learning should be done and shared within the team.
  • If necessary, re-confirm the priority and revise project plan to get more time learning before applying the technology.
4 The network data may not be completed Technical High High High
  • Gather suitable data with appropriate size.
  • Iterative methodology of gathering data stages.
  • Use different algorithm and decide the most appropriate method to acquire data and organise accordingly.
4 Schedule. Team members are busy with school work. Non-Technical Medium Medium Moderate
  • Plan ahead and make sure that all team members are comfortable with the work load and free to meet on the dates scheduled.

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