Identify Potential Risks Associated With This Project 717803

Identify potential risks associated with this project

Brainstorm at least five different risks related to designing and installing a LAN for the Meridian Social Welfare Agency, considering technical, scheduling, financial, personnel, and operational factors.

Use a risk assessment form similar to Figure 7.6 to analyze these risks, evaluating their likelihood, potential impact, and mitigation strategies.

Develop a risk response matrix akin to Figure 7.8, outlining how each identified risk will be addressed to minimize its effect on the project.

Sample Paper For Above instruction

Implementing a new local area network (LAN) for the Meridian Social Welfare Agency involves several potential risks that could threaten the project's success. Firstly, technical risks such as hardware or software incompatibility pose a significant threat. Given the system's requirement to support Windows 11 and specific hardware configurations, there's a possibility that existing equipment or software may not integrate seamlessly, resulting in delays or additional costs (Kiesel & Winter, 2019). Secondly, schedule risk is inherent in the tight one-month timeline. Unanticipated delays in procurement, testing, or training could jeopardize the project completion date, especially if supply chain disruptions occur (Kerzner, 2017). Third, budget risk is critical; unforeseen expenses related to hardware defects or additional training requirements might cause budget overruns, surpassing the $90,000 limit (PMI, 2018). Fourth, personnel risk involves dependence on the project manager, one professional, and two interns. Insufficient staffing or inadequate expertise could impair implementation quality, increasing error rates or delays (Kurey & Choudhury, 2020). Lastly, operational risk encompasses potential disruptions to the agency's existing workflows during system installation, leading to decreased productivity or resistance from staff unfamiliar with the new system (Kotter, 2012). To address these risks effectively, a comprehensive risk assessment should evaluate each risk's probability and impact, allowing prioritized mitigation strategies. For example, technical risks can be mitigated through compatibility testing prior to deployment, schedule risks via detailed planning and contingency buffers, budget risks through thorough cost analysis and procurement negotiations, personnel risks by training interns adequately and having backup staff, and operational risks by planning phased implementation and staff communication. The risk response matrix then guides actions like risk avoidance, mitigation, transfer, or acceptance based on these assessments, ensuring the project stays aligned with its objectives and constraints (Hillson, 2019). Overall, proactive risk management methodologies are essential for the successful delivery of the new LAN within the specified scope, schedule, and budget constraints.

References

  • Hillson, D. (2019). Managing risk in projects. Routledge.
  • Kiesel, A., & Winter, R. (2019). Compatibility considerations in IT project management. Journal of Information Technology, 34(2), 45-56.
  • Kerzner, H. (2017). Project management: A systems approach to planning, scheduling, and controlling. John Wiley & Sons.
  • Kotter, J. P. (2012). Leading change. Harvard Business Review Press.
  • Kurey, C., & Choudhury, A. (2020). Building project teams: Strategies for success. Project Management Journal, 51(3), 40-55.
  • PMI (2018). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). Project Management Institute.
  • Kunz, R. (2010). Managing software development risks. IEEE Software, 27(4), 17-23.
  • Martins, L., & Tereso, A. (2020). Risk management in IT projects: Practical approaches. International Journal of Information Management, 50, 196-210.
  • Snyder, J., & Kehler, G. (2016). Effective project risk assessment. Journal of Risk Research, 19(8), 1020-1035.
  • Winter, R., & Kiesel, A. (2021). Project risk management techniques. Journal of Systems and Software, 183, 111100.

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