Project Title: RUNNING WEIGHTED AVERAGE TOTAL: $ 29,666.

67

DETAILS COST ESTIMATE SCENARIOS

WEIGHTED
WBS ID GATHERED BY MOST LIKELY / ADDITIONAL INFORMATION / NOTES
DATE ITEM / TASK DESCRIPTION BEST-CASE WORST-CASE AVERAGE
(Corresponding to WBS (Who is responsible) REALISTIC
tasks)
09/04/23 1 Scope Of Project jay_varu & $ 15,000.00 $ 14,000.00 $ 15,000.00 $ 14,333.33 Use To Implement The Project.
bhawana_sangwan
09/05/23 2 Additional Cost A Maria Lgnashes & Arpit $ 5,000.00 $ 4,500.00 $ 5,000.00 $ 4,666.67 Operational Cost

09/06/23 3 Specific Requirement Aniket & Simranphutela $ 5,000.00 $ 4,500.00 $ 5,000.00 $ 4,666.67 Resource Cost

09/07/23 4 Remaining/Reserve Chetna_Sadhwani & $ 5,000.00 $ 6,500.00 $ 5,000.00 $ 6,000.00 Risk Mangement Cost
Suchit_kumar & Yajas
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$ 30,000.00 $ 29,500.00 $ 30,000.00 $ 29,666.67

Final Estimate

1

 Risk Register
PROJECT NAME: GLOBALSHALA EVENT

ID Date raised Risk descrip on Likelihood of Impact if the Severity proximuty Owner Mi ga ng ac on Con ngent ac on Progress on ac ons Status
the risk risk occurs
occurring

1 10/8/23 Project purpose and need is not well- Low High High This risk may Team Lead Ensure purpose is well de ned on Project Inform the stakeholders and Project purpose re-wri en Closed
2 10/8/23 de ned.design and deliverable de ni on is
Project Low High High occurrisk
This during
may Project Lead Charter.
De ne the scope in detail via design reconvene assump
Document with teamonsmembers
made with clear
Design deliverables
workshops and
scheduled. Closed
3 10/8/23 incomplete.
Lack of engagement of a endees during Low High High occur during
This risk can Project workshops with
Engaging with input
the from subject
a endees ma er
and asking for and associated risks. Request
The speaker can randomly call A list of engaging ques ons Closed
virtual event occur during Manager feedback at regular intervals any of the a endees to ask or has been researched ahead of
the event answer a ques on the mee ng

4 10/8/23 A endees joining at di erent me zones Medium Medium Medium This risk can Team Lead To avoid this, it is important account for me Reminders should be sent 1 Scheduled events ahead of Closed
occur during zones while planning ac vi es and provide hour, as well as 30 minutes me using google calendar
the event with informa on- me and schedule- ahead of before the event so a endees this will allow event to be
the event can keep up synched.

5 10/8/23 Project schedule is not clearly de ned or Low Medium Medium This risk may Project Scribe Hold scheduling workshops with the project Share the plan and go through Workshops scheduled. Closed
understood occur during team so they understand the plan and upcoming tasks at each weekly
planning/ likelihood of missed tasks is reduced. project progress mee ng.
execu ng phase

6 10/8/23 The virtual pla orm being used for the High High High This risk can Project Make use of the best online pla orm withe Have back up virtual pla orms Made research on the best Closed
event breaks down occur during Manager the best features for the ac vi es of the to use. backup online pla orms.
planning and event.
execu ng phase

7 10/8/23 No control over Team memebers by Team Medium Medium Medium This risk may Team Lead The Team Lead will brief teammembers on the Communicate with the Project Project Sponsor has agreed to Open
Lead occur during importance of the project, schedule Sponsor and have a quick hold brie ng. Now making
execu ng phase workshops to dicuss rou ne and communicate mee ng with team members to arrangements for a mee ng
nal booking dates. go over the schedule again. room.

8 10/8/23 Lack of communica on, causing lack of Low Medium Medium This risk may Project Lead Write a communica on plan which includes Correct misunderstandings Communica on plan in Wai ng
clarity and confusion. occur during frequency, goal, and audience of each immediately. Clarify areas that progress.
planning and communica on. are not clear swi ly using
execu ng phase Iden fy stakeholders early and make sure assistance from Project
they are considered I the communica on plan. Sponsor if needed.
Use most appropriate channel of
communica on for audience e.g. don't send 3
paragraph email to Developers, have a call
instead.

9 10/8/23 Technical issues- this may involve problems Medium High High The risk can Project Hardware, event presenta on, devices should Having a backup internet A so event schedule with just Wai ng
with so ware glitches, device breakdowns, only occur on Manager be thoroughly tested before to the event to connec on and equipment on the team members should be
and internet connec vity problems the set event prevent these problems. hand, the presenta on should done before the event
day. be sent to other teammates
before the event

10 10/8/23 Stakeholder ac on delays project. Low High High This risk may Project Iden fy stakeholders, analyse power and No fy appropriate authori es Stakeholder Analysis in Open
occur during Manager in uence and create a stakeholder and follow internal procedures progress.
pre planning engagement plan. Project Board to authorise e.g. for ac vist demonstra ons.
and execu ng the plan. Revisit the plan at regular intervals
phase to check all stakeholders are managed.
Consider ge ng insurance.
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