Expert answer:Risk Assessment

Expert answer:• The network infrastructure is problematic in certain areas of the state, meaning that the existing infrastructure may not support the deployment of the e-mail system in all necessary areas.
• Several of the vendors have offered to develop specialized e-mail address books and templates for the state users, if their product is selected.
• In the resource planning stage of the effort, you’ve identified that the project lacks two network engineers and a business analyst who would be responsible for project documentation.
• The existing budget plan does not cover the anticipated 20% increase in licensing for one of the key candidate products under consideration (Globalcom).
review_the_scenario_and_the_addenda_items_detailed_below.docx

review_the_scenario_and_the_addenda_items_detailed_below.docx

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Review the scenario and the addenda items detailed below. Each of these items
presents risks to the project.
•
The network infrastructure is problematic in certain areas of the state, meaning that
the existing infrastructure may not support the deployment of the e-mail system in all
necessary areas.
•
Several of the vendors have offered to develop specialized e-mail address books
and templates for the state users, if their product is selected.
•
In the resource planning stage of the effort, you’ve identified that the project lacks
two network engineers and a business analyst who would be responsible for project
documentation.
•
The existing budget plan does not cover the anticipated 20% increase in licensing for
one of the key candidate products under consideration (Globalcom).
•
All the products under consideration for purchase offer more substantial discounts
for more users. The statewide Ohio Department of Taxation is considering adopting
one of these e-mail systems, as well.
1. Determine if each of these five items present a negative risk or positive opportunity
to the project.
2. Next, identify a strategy for managing the risk and defend your choice. In your
explanation, postulate the risk probability as high, medium, or low and assess the
impact as low, moderate, or severe. Here are the risk management strategy options:
•
avoid, transfer, mitigate (negative risk strategies)
•
exploit, share, enhance (positive opportunities)
•
accept or plan contingency (both negative risk and positive opportunities)
Finally, using Web Resources or other links, identify software, project management
tools, or diagramming techniques that can be used by the project team to help manage
risk. One method of research is to enter the term “risk analysis software” or “risk
analysis tools” into a search engine and access the links that apply. For software
applications, the most appropriate tools are the ones that interface with Microsoft
Project, include Pert diagramming techniques, and/or provide a cost-benefit and
analysis feature as well.
Review the scenario and the addenda items detailed below. Each of these items
presents risks to the project.
•
The network infrastructure is problematic in certain areas of the state, meaning that
the existing infrastructure may not support the deployment of the e-mail system in all
necessary areas.
•
Several of the vendors have offered to develop specialized e-mail address books
and templates for the state users, if their product is selected.
•
In the resource planning stage of the effort, you’ve identified that the project lacks
two network engineers and a business analyst who would be responsible for project
documentation.
•
The existing budget plan does not cover the anticipated 20% increase in licensing for
one of the key candidate products under consideration (Globalcom).
•
All the products under consideration for purchase offer more substantial discounts
for more users. The statewide Ohio Department of Taxation is considering adopting
one of these e-mail systems, as well.
1. Determine if each of these five items present a negative risk or positive opportunity
to the project.
2. Next, identify a strategy for managing the risk and defend your choice. In your
explanation, postulate the risk probability as high, medium, or low and assess the
impact as low, moderate, or severe. Here are the risk management strategy options:
•
avoid, transfer, mitigate (negative risk strategies)
•
exploit, share, enhance (positive opportunities)
•
accept or plan contingency (both negative risk and positive opportunities)
Finally, using Web Resources or other links, identify software, project management
tools, or diagramming techniques that can be used by the project team to help manage
risk. One method of research is to enter the term “risk analysis software” or “risk
analysis tools” into a search engine and access the links that apply. For software
applications, the most appropriate tools are the ones that interface with Microsoft
Project, include Pert diagramming techniques, and/or provide a cost-benefit and
analysis feature as well.
…
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