Connect on Whatsapp : +97143393999, Uninterrupted Access, 24x7 Availability, 100% Confidential. Connect Now
New User? Start here.
Error goes here
Please upload all relevant files for quick & complete assistance.
Running head: PROJECT MANAGEMENT Project management Name of the Student Name of the University Author ’sNote 1 PROJECT MANAGEMENT 1. Risk mana ...
Running head: PROJECT MANAGEMENT Project management Name of the Student Name of the University Author ’sNote 1 PROJECT MANAGEMENT 1. Risk management plan 1.1 Risk identification Risk Id Risks Risk description R1 Lack of promotion If promotion of the car wash facility is not done properly then it is impossible to reach to agreater number of people which can further led the project towards failure. R2 Budget shortfall The budget that is estimated during initial phase of the project is not estimated effectively then the project managers can experience financial hurdles during the project which can obstruct the progress of car wash project. R3 Improper analysis of competitors If the market competitors are not analyzed and reviewed properly then it will be challenging to exist in the new market of car wash facility. R4 Health and safety hazards If the workers who work for car wash project does not utilize health and safety precautions then they can face health hazards due to use of hydrofluoric acid during commercial car wash. 1.2 Classification of risk Risk Id Risks Impact and probability R1 Lack of promotion Impact- High Probability-High 2 PROJECT MANAGEMENT R2 Budget shortfall Impact-High Probability-High R3 Improper analysis of competitors Impact-Medium Probability-Medium R4 Health and safety hazards Impact-High Probability-Medium 1.4 Risk response Risk Id Risks Risk response Reason R1 Lack of promotion Avoid The risk can be avoided if the promotion about the car wash service is done through advertisement, social media as well as by sharing pamphlets locally. R2 Budget shortfall Mitigate The contingency budget that is kept aside must be used for mitigating the problem of budget shortfall during the project. R3 Improper analysis of competitors Avoid The risk can be avoided by gathering proper data and information about the 3 PROJECT MANAGEMENT competitors in order to develop proper plan for giving tough competition to other organizations who provides car washing facilities. R4 Health and safety hazards Avoid Health and safety hazards must be avoided if proper training is given to the workers to use proper health and safety precautions while working. 4 PROJECT MANAGEMENT Bibliography Burkov, V., Burkova, I., Barkhi, R. and Berlinov, M., 2018. Qualitative Risk Assessments in Project Management in Construction Industry. In MATEC Web of Conferences (Vol. 251, p. 06027). EDP Sciences. Muriana, C. and Vizzini, G., 2017. Project risk management: A deterministic quantitative technique for assessment and mitigation. International Journal of Project Management ,35 (3), pp.320-340. Pimchangthong, D. and Boonjing, V., 2017. Effects of risk management practices on IT project success. Management and production engineering review ,8. Reed, A.H. and Angolia, M., 2018. Risk management usage and impact on information systems project success. International Journal of Information Technology Project Management (IJITPM) ,9(2), pp.1-19.
Enter the password to open this PDF file:
Specially designed essay help services have made MyAssignmenthelp.com one of the most prolific proposal essay help providers. We have arrays of expert essay writers who successfully deliver essay help depending on broad ranges of subjects and topics. We provide nursing essay help, MBA essay help, English Essay writing help and law essay help to students from different fields of study. Broad ranges of essay writing services assist us to offer quality contents within a specific time limit.
On APP - grab it while it lasts!
*Offer eligible for first 3 orders ordered through app!
ONLINE TO HELP YOU 24X7
OR GET MONEY BACK!
OUT OF 38983 REVIEWS
Received my assignment before my deadline request, paper was well written. Highly recommend.