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Product code: Project-management-AW198

1.  Project Risk Management

You have been tasked to manage a facilities construction project for a non-profit organization.  Specifically, the organization is undertaking a large project to build a 6000 square foot office and an attached building with 20 hotel style rooms for its beneficiaries (building a shelter). The budget is tight and the organization needs to have these facilities as soon as possible.  The project is in the planning stage and you have some requirements documents and funding available.  How would you use risk management on this project?  Why would you use risk management?  What are your most important considerations?  What are the steps of your risk management process (use any model you like ie PMP, textbook, DoD etc)?  Provide a Risk Breakdown Structure for the project.   What risk identification tools would you use on the project? Why?

Assume you are talking to a key stakeholder (donor) about your plan.


2.  Operational Risk Management and Disasters


Briefly discuss some of the key causes of disasters and/or Operational Risk Management failures.  Relate the causes to their occurrence in a specific disaster (your choice).


3.  Briefly describe the main sources of project scope, schedule, and resource risks.


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Risk management is used to decrease chances of increasing cost and schedules in future. It can be controlled by identifying and doing risk analysis such as Probability Impact matrix to control the risks. In this project the same process has been done. The major risks identified are as follows:-

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