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RISK MANAGEMENT PLAN Shihab
RISK MANAGEMENT PLAN Shihab
RISK MANAGEMENT PLAN Shihab
PROJECT CHARTER
GROUP 6
The risk management also will lead to strategies that can be undertaken to
mitigate the risk while carrying our activities regarding the project.
The risk management document must be updated every fortnightly and every
time a significant event occurred from the day-to-day operation of the project .
The risk that have been identified are those that can prevent the project from
meeting the objective stated in project charter. Due to this, it is important to
refer and review the risk management plans against the organisation’s vision
and mission.
1.2 Audience
Group Reason
Directors Governance responsibility
Staff Operational responsibility
Quality Regulatory body
Assurance
Finance and Funding body
Accounting
2.0 Organisational Context
Therefore, the number of risk that must be taken into account will be
numerous to counter and mitigate those risk in the most proper manner. The
risk management plan will ensure a smooth flow of any unwanted
occurrences that might arise from any corner while working towards the
completion of the project .
Eg: T05/09 in which ‘T’ stands for Technical Risk, ‘05’ stands for risk
chapter and ‘09’ stands for n’th number of risk.
Below 15 = SAT
15 -19 = MON
20 – 25 = ACT
7.0 RISK MANAGEMENT REGISTER (METHOD 1)
RISK THE RISK AND HOW IT CAN Risk Risk Risk Control Responsibility
CODE OCCUR likeli- conce- score Adequacy
hood quences
Project Risk
P05/01 Unplanned Man-Power Down – 4 3 12 SAT -Project
due to diseases or accidents Manager
P05/02 Delay in obtaining Copyright 3 5 15 MON -CAE
and Patent – Involving different
countries and organization -Project
which will delay the process Manager
Functional Risk
F05/03 Students Inability to Use due to 5 4 20 ACT -QA director
Dizziness and Nausea
5 O05/07 F05/03
Very Much
Likely
L 4 P05/01
i More
k Likely
e
l
3 R05/06 P05/02
i
Likely R05/05
h
T05/09
o
o 2 F05/04 O05/08
d Least
Likely
1
Unlikely
1 2 3 4 5
Insignificant Minor Moderate Major Catastrophic
Risk Consequences
9.0 RISK EVALUATION
Upon analysing the risk into scores and matrix form, it is be much convenient to
prioritize the risks from most catastrophic to the least significant risk. This will helpful
for the team to find out ways to prevent the risk from arising at any point of the
project. Even if they arises, there will be ways to strategize those risk in the most
efficient manner.
Upon prioritizing the risk, there are decision to be made to prevent the risk from
arising, or in the case of unavoidable circumstances, what are the countermeasures
to be taken by the team will be listed in the table below for each risk.
Resource requirement
A skilled Man power of 3-5 persons required.
Responsibility
Project Manager
Timing
3 to 5 hours
Action plan
A Wi-Fi analysis programme is the best approach to determine your router's optimum network
settings if your Wi-Fi is terrible. Consider looking into your Wi-Fi issues if you still have unstable
internet after changing the channel on your router. Installing modern router or Installing WIFI extender
or Installing long range router; can also prevent disruption in low signal strength.
Resource requirement
Man power of 2 persons required from IT department
Responsibility
Project Manager
Timing
2-3 hours
Action plan
Before implementing the project entirely, there are some small-scale schemes that can be carried out
to check the students’ acceptance towards the concept of virtual learning and to familiarize them with
this idea. This can be achieved by installing a variety of ready simulation software programs for the
aircraft interior on the university’s computers in any of the computer labs. Later on, we will be able to
determine the students’ level of comprehension through tests and questionnaires.
Resource requirement
- Financial Advisor
- Technical Analyst
- 1 person from the Academic Services Section (AcSS)
Responsibility
Financial Advisor
Timing
1-2 months
Action plan
On condition that the higher management changes, for instance, the Dean or Deputy Dean of
Academics, the previous or current personnel in charge (Dean or Deputy Dean) will have to notify the
newly appointed person in charge about the project and that it is for academic purposes. However, if
the sponsor changes, our team will provide the new sponsor with our project charter document. In
addition to that, a report of the results and changes in the students’ grades and the university’s
learning system along with numerous student and lecturer feedbacks regarding the smart learning
system will be provided to them. This will demonstrate how much the students and the university staff
as well, benefited from this system. This will all be done through UniKL MIAT’s Dean.
Resource requirement
- Project Manager
- Financial Advisor
- Technical Analyst
- Chief Technician
- QA Director
- 1 person from the Academic Services Section (AcSS)
Responsibility
Dean
Timing
2-3 weeks