NAME: Oreratile Keorapetse

: Bonang Phillian Autlwetse

ID: 957713322

: 648311010

MODULE: Risk and Value Management

FACILITATOR: Mareko Steady Basupang

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Table of Contents
Introduction 2

Project Background 2

Risk Register 2
Probability Impact matrix5
Conclusion 5

References 6

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 INTRODUCTION

This project seeks to offer accommodation to students as a way to curb congestion and
offer a platform that allows for self-isolation.

PROJECT BACKGROUND

The Institute of Development Management is an institution that has gradually grown to

become a market leader in the education sector. With campuses in the 2 priority regions
in Botswana Gaborone and Francistown offering an array of courses and programs, it
can be said that the institution has positioned itself to become a household brand name.

Risk Register

RISK DISCRIPTION RISK IMPACT IMPACT PROBABI RISK RISK

ID OF RISK CATEGOR LEVEL LTY RESPOSE OWNER
Y
1 a scarcity of Operational Insufficient 5 2 Requesting Finance
resources risk money to of loans from manager
Not being able fund the funding
to acquire activities agencies
adequate involved in
funding for the carrying
project out the
scope of
the project
2 Clashes Financial Co- 4 3 Trial hole Finance
between the risk ordination could be manager
existing of undertaken
building drainage to better
foundations with understand
and proposed foundation the existing
drainage s during foundations
networks constructi
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 on. Cost
impact.
3 Extreme Environment Lead to 4 12 Multi-tasking, Project
Weather al Risk delays to crashing and manager
the project fast-tracking
as it will techniques
be hard should be
for the adopted and
teams to be
carry out implemented
their by the
duties project team
4 Stolen items Safety risk Lead to 5 5 Notify the Project
such as raw increase proper manager
supplies, in the authorities,
intellectual expenses such as the
property, or and police or the
equipment reduce project
production board, and
rate begin
internal
inquiries as
soon as
possible.
5 Action by Human Bring 3 2 develop a Project
stakeholders resource confusion stakeholder manager
causes a managemen among engagement
delay in the t risk project strategy.
project. team
6 Project issues Product risk Lead to 1 2 Maintain Project
that have not poor regular manager
been quality project team
addressed managem meetings.
have not been ent and
escalated in a deliverabl
timely es
manner.
7 Increase in 4 3 Procure
cost of ment
resources officer
8 Possible Safety and Poor 2 4 Updating the Project
project halt in health risk scope project manager
times of managem teams with
author illness, ent due to necessary
especially low project
long term managem information

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 ent to boost their
turnover understandin
g of the work
9 Poor Poor 1 2 Contracts HR
contractor contract must be manager
performance managem signed to
during ent leads protect client
construction to damage performance
to the bonds to be
reputation obtained
10 Satisfying EIA Compliance Incidents 2 3 Compliance
requirements risk occurring with the EIA
can stops to ensure no
the work environment
and al hazards
actions
needed to
solve the
issue. EIA
prohibition
s

Probability/Impact Matrix

5 5 10 15 20 25

Probability
4 4 8 12 16 20

3 3 6 9 12 15

2 2 4 6 8 10

1 1 2 3 4 5
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1 2 3 4 5
 Impact

Conclusion

This being the case, the introduction of Covid-19 to the wellbeing of the nation has been
nothing short of distraught, slow advancement and null development. These being the
case, Covid-19 protocols have affected the daily wellbeing of students within the IDM
facility. Social distancing has proven to be a pivotal method in the fight against Covid-
19, in this, inclusive of student accommodation.

References

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Agency, J., 2017. https://expertise.jetruby.com/7-common-project-management-risks-
and-how-to-avoid-them-2395f3af9cab. [Online]
Available at: https://expertise.jetruby.com/7-common-project-management-risks-and-
how-to-avoid-them-2395f3af9cab
[Accessed 26 October 2021].

Commerce Mate, n.d. Types of Risk in Project Management. [Online]

Available at:
https://commercemates.com/types-of-risk-in-project-management/#:~:text=Types%20of
%20Risk%20in%20Project%20Management%201%20Cost,natural%20disaster%20i.e
%20flood%2C%20an%20earthquake%2C%20tsunami.%20
[Accessed 25 October 2021].

Hazem, Z., 2021. 7 major risks in construction projects and how to avoid them. [Online]
Available at: https://www.planradar.com/builders-risk/
[Accessed 25 10 2021].

Mar, A., 2016. 130 Project Risks. [Online]

Available at: https://management.simplicable.com/management/new/130-project-risks
[Accessed 25 October 2021].

Project Management Articles, 2021. Types of Risk in Project Management. [Online]

Available at: https://project-management.com/types-of-risk-in-project-management/
[Accessed 25 October 2021].

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