Arizona State University

Risk Management Plan

Andrew Hittinger

OGL 421

Professor Matthew Rodgers

April 1, 2022
 Our previous risk management project roles and responsibilities I identified various risk

within our Tyrell Corporations project. The details of this project are as follows; Design a

website in 3 months for Tyrell Corporations focusing on their newest product Nexus-6 replicant.

In this paper I will identify risk, propose solutions, and create an action plan. I will provide a list

of risk in numerical order listed from most impactful downward, and provide an action plan to

combat or encourage the risk identified.

Risks: Revisit the Anticipated Project Risks section of your Risk Management Project Roles
and Responsibilities assignment. Given the timeline that Eldon Tyrell has given you, are your

initial identified risks still valid? Why or why not? Do you foresee any additional risks?

In my previous risk analysis, I identified 3 risks that were impactful to this project. After

receiving the 3 months’ timetable these risks are still important and should remain a focus for our

project team. First, we must make sure our content and information are accurate. Next, we must

ensure our site to be unique. We want to avoid coping anyone else web design and verify that our

site is not a replica of another companies. Lastly, we need to verify that our site will work on all

browsers and computers. It is vital that our web site can be easily accessible to everyone on the

internet regardless of the computer manufacture or branded browser they are using. After doing

farther research and receiving the 3-month timeline there is additional risk that we will need to

address and have an action plan created. The additional risk is: important risks are not identified,

adding new features outside of the original scope, market interest has decreased and unrealistic

design expectations.
Solutions: For this section, create a table. In the left-hand column, create a list of all the risks
you have identified so far for this project. In the right-hand column, create a list of your proposed

solution(s) to each risk. These solutions must be detailed, including the resources or

communication that will be needed to mitigate the risks. Your solutions must also be practical

RISK MITIGATION

Inaccurate content and description In order to assure we have accurate data and

information provided on the site the project

manger will need to work with various teams.

The main team we will rely on for this

information is the sales executives. They are

the most educated on the Tyrell Portfolio and

will be able to accurately provide the

information needed to outline all products

featured on the new website. An additional

team that will need to work with on this will

be the marketing team. They will be able to

provide and review the information we are

sharing with their targeted audience and use

their ideas to display the correct content. This

will need to be complete before the web

design is started (or at the begging stages) so

we do not have to revise our content after

 Product launch.

Individual Web design While creating our website, one of our main

focuses is individualism. Tyrell Corporations

wants to ensure our design is unique and does

not copy or resemble that of their competitors.

The project manager will rely on the Web

Design team to create an accurate and unique

site. After the site is created, if will be

submitted for review to verify that it does not

resemble a competitor. If our website does

reflect that of our competitors, we will need to

address the project delay and revise the site.

Browser Compatibility The project manager will need to hire a web

designer that has experience working with all

browsers. The code used must be compatible

with Microsoft, Apple and Linux. The adobe

application will need to be compatible with all

major web browsers (Edge, Firefox, Chrome,

Internet Explorer)

Unidentified important risk Since inception we will need to brainstorm

with all stakeholders and project team

members to introduce all factors of risk that

could impact the project plan. After

 identifying all risk, we will need to create a

risk action plan and monitor all risk

throughout the life of the project.

Added Features outside of Original Scope The project manger will need to identify all

products and designs that are wanted by the

stakeholders to be featured on the site. They

will need to sign off on a list of selected

products and verify the order in which the

products will be listed. If additional work or

products are need to be added during or after

the project, a change request will need to be

submitted and additional time will need to be

billed.

Decrease in Market interest The sales team will be directly in charge of

creating interest, selling the product and

working with marketing to market the Tyrell

Portfolio.

Unrealistic Design expectations Ensure effective communication amongst

project team and stakeholders. Obtain

acknowledgment and approval from

stakeholders early and often. Involve and

engage with stakeholders throughout the

design process. Hold stakeholders

 accountable for effective communication

throughout the term of the project.

Action Plan: Now is the time to create an action plan for these risks. For this section, list all
risks and rank your risks from greatest to least (this can be in numerical format or in a list with

the greatest risks at the top). Once you have done this, provide a detailed action plan for each. Be

sure to state whether your chosen action is preventative or a contingency and why.

Risk (In order of Action Plan Preventive or Why?

importance) Contingency

1) Individual Implement, design Preventive plan If we need to revise

Web design and execute the web the web site due to

design. Study copyright or lack of

marketing and design individualism it will

a unique site that delay our project

does not reflect that greatly. It will also

of the competitors. increase our budget

Utilize Web design and create a month or

tools that are state of two of rework on a

the art. Ensure short time schedule.

content is correct This is a preventive

action because we
 need to prevent the

site from looking like

others

2) Unidentified Brainstorm with the Preventative Plan Identifying risk ahead

important project team and of a project is vital to

risk stakeholders to the success and life

identify all risk. of a project. We will

Utilize past projects need to identify all

and market research risk before hand to

to identify risk. Use assure we have an

outside sources action plan designed

(Subject Matter to address the risk.

Experts) to identify

rick that project team

may have over

looked.

3) Decrease in Work with the sales Contingency Without promotion of

Market executives to Tyrell Corporations

interest promote the new portfolio the market

website before interest will decrease.

launch. Create an We will need to

additional action plan adjust our tactics of

to engage customers market promotion

 with the Tyrell while a web site is

Corporations while not accessible. The

the changes are design of the website

made. Continue to will be successfully

market Tyrell however the ongoing

corporation’s use of the site and

portfolio until the customer engagement

web design is will be vital to the

finished long-term success of

the project.

4) Browser Hire a web designer Preventative Plan This site will need to

Compatibility who is familiar with be able to be

all browser formats accessed by all

and has had previous customers. We want

success with new to prevent any

web site development inability to utilize our

site after it launches.

5) Unrealistic Create an outline Contingency It’s important to list

Design with the stakeholders products on the site

expectations as to what they want that are relevant to

to see on the new the current Tyrell

web site. List out Corporation

certain products of portfolio. We can

 the portfolio they make minor

want to see featured. adjustments

Identify any future throughout the design

products they would but having an action

like to add. Verify plan that meets

with marketing team stakeholders wants

that all products will be critical to the

featured are currently success of the web

launched and ready to site.

be sold.

6) Inaccurate Utilize the market Contingency We can make

content and research and sales adjustments as the

description executive expertise to website launches and

insure accurate correct graphical and

content on new detail errors as they

website. are identified. The

website can still be

built but we will need

to continue to review

all pages designed to

ensure accurate

descriptions and

content.
7) Added Implement a subject Contingency The Web design team

Features matter expert to will have a good idea

outside of identify any features about what features

Original not offered by web in input into the new

Scope design team. design, however its

Introduce added important to our

features early to stakeholders for their

stakeholders and site to be innovative.

identify any features This will require a

desired. Add features unique view provided

within budget and by a subject matter

work with web expert to ensure an

design team to innovative web

implement new design.

features during

design.

Resources
A guide to the project management body of knowledge: (PMBOK® guide).

(2017). Newtown Square, PA, USA: Project Management Institute