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Essay / Research Paper Abstract
An 8 page paper discussing project risk and 15 individual risks identified for a specific project. Bibliography lists 4 sources.
Page Count:
8 pages (~225 words per page)
File: CC6_KSproPlRskAs.rtf
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Unformatted sample text from the term paper:
in every project; it is the responsibility of the project manager to identify and mitigate those risks. As identified in a previous risk assessment matrix, there are several risk
events that could occur at some point of the project. They are listed in Table 1. Table 1. Risk Assessment Matrix Risk Event Probability Impact Changing objectives
mid-project 4 5 Lack of process knowledge on the part of the technical staff 4 5 Lack of customer awareness of technical constraints 5 3 Lack of customer awareness of
the need for narrowly-defined process descriptions 5 5 Poor project definition 4 5 Lack of available expertise 3 4 Unavailable necessary components 3 5 Lack of management commitment 2 3
Programming difficulties 3 3 Regulatory confusion 4 5 Limited usefulness or relevance of the final product 3 5 Interface problems 2 4 User backlash 4 3 Product incompatibility 1 4
Unreliable hardware 1 5 1. Changing objectives mid-project It has been said that perhaps as many
as 70 percent of all IT projects fail (Keil and Montealegre, 2000); other types of projects also are susceptible. Quite often the cause can be traced to failure to
define at the beginning the desired end result. Clearly, it is desirable to identify all steps before work begins, but projects can fall victim to being added to endlessly.
There are always ways that additional information can be used that have not been recognized before. Often in the course of a
project, a potential use will be identified that had not been recognized at the beginning of the project and for which there is real merit. Making changes such as
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