IS480 Team wiki: 2011T1 Aperture - Main - Project Management - Risk Management - Project Inception Phase
Contents
Project Management
Risk Management
Risk Analysis - Project Inception Phase
1. Scope Risk | ||||||
Risk Statement | Risk Rating (Derived) |
Likelihood (High/Med/Low) |
Impact Level (High/Med/Low) |
Mitigation Strategy | Comments | |
---|---|---|---|---|---|---|
|
A |
High |
Medium |
|
Partially mitigated. The client understands that the scope of the project has increased. If we are unable to complete all the features, we will discuss it with the client. | |
|
B |
|
Mitigated. The paper prototype was very useful in ensuring that we understood the requirements of the client. | |||
|
A |
|
Mitigated. We have prioritized the functions and agreed with the client how we will progress. |
2. Schedule Risk | ||||||
Risk Statement | Risk Rating (Derived) |
Likelihood (High/Med/Low) |
Impact Level (High/Med/Low) |
Mitigation Strategy | Comments | |
---|---|---|---|---|---|---|
|
C |
Low |
Low |
|
Partially mitigated. Team members have been assisting the Project Manager to check on the schedule, as well as consistently completing their tasks. | |
|
C |
|
Mitigated. We learnt to compromise about how each team prioritizes this project. The Project Manager will continue to ensure that each member completes his tasks |
3. Resource Risk | ||||||
Risk Statement | Risk Rating (Derived) |
Likelihood (High/Med/Low) |
Impact Level (High/Med/Low) |
Mitigation Strategy | Comments | |
---|---|---|---|---|---|---|
|
A |
Medium |
High |
|
| |
|
B |
Medium |
Medium |
|
Some of the risk has been mitigated. If we are stuck with some technical difficulties, we will post questions on forums such as Google groups, instead of relying on one person to complete the task for us. However, if we are behind schedule, we will have to re-allocate manpower. |
4. Technical Risk | ||||||
Risk Statement | Risk Rating (Derived) |
Likelihood (High/Med/Low) |
Impact Level (High/Med/Low) |
Mitigation Strategy | Comments | |
---|---|---|---|---|---|---|
|
A |
Medium |
High |
|
Currently, due to the large amount of money transactions going through PayPal, PayPal has to verify that the client's transactions are legit, and thus we will have to wait for them to resolve the matter before verifying our website. | |
|
A |
|
Mitigated. We have allocated time for each member to learn the new technology. In addition, we are able to post questions on online forums when we encounter issues | |||
|
A |
|
Mitigated, as we started developing from scratch. |