PROJECT RISK MANAGEMENT

Introduction

 Risk assessment defined as examining the

possibilities of issues arising in the cause of a
project causing a negative impact in success
of the project.

 Risk assessment can not be oversized in

managing a project as it reduces the chances
of risk.
Risk assessment steps

There are four steps of risk assessment

 Risk identification
 Categorize risk
 Quality risk
 Possible responses
Objective and uncertainty

Major objectives to achieve aim are

 British education is best among world
universities.
 Very effective for cultural exchange due to
availability of students from different countries.
 Business and career development opportunities
are very high in London.
 Boosting confidence and challenging
individuals is one of the best feature.
Pestle analysis

 Political
 Economical
 Social
 Technological
 Legal
 Environmental
Political risks

 Government legislation might stop foreign

Students from coming in.
 Visa might be denied.
 Government traffic approach to Covid-19
affected countries might leave some students
at the disadvantaged.
Economical risks

 Business owners might insist on having long

term residents for employment
 Value of our home country currencies might
become lower
 Student scholarship and discount might be
disabled
 There might be increase in the price of
learning materials which may destabilize
budgets
Social Risks

 Culture shock
 Different comprehension level of students at
place of learning
 Negative peer influence
 Religious or racial war
 Accommodation problems
Technological risks

 Education might Fully evolve into digital

learning
 Learning gadgets might breakdown
 Technology can discourage proper
Networking
 Jobs and employment might go fully remote
Project time duration
Project time duration
Conclusion

 Concluding this it is hereby to inform that risk

assessment provides insight to the project
manager to the potential risks and plan
towards a prevention or control plan.