Areas to be discussed

Ê Potential Risks
Ê Risk Register
Ê Risk Management Process
 Potential Risks
Ê Limitation of Manpower
Ê Cost
Ê Limited Time period
Ê Delays in delivery of Hardware to Click
Ê Last Minute Changes on Floor plan
 Risk Register
INSTRUCTIONS
C= Consequences if it occurs:
1 = No real problem 4 = Serious problem
2 = Minor inconvenience 5 = Disaster or Catastrophe
3 = Inconvenience
L= Likelihood of it occurring:
1 = Almost never happens 4 = Regularly happens
2 = Can happen sometimes 5 = Sure to happen
3 = Occasional
CxL = Consequences score multiplied by Likelihood score to
give hazard
 Risk Register
Risks Risk Suggested improvements Risk assessment
assessment after
(existing) improvements
C L CxL C L CxL
Limitation of 3 3 9 Could hire freelance networkers or 2 2 4
manpower could make a full-timed working
schedule to ensure that the work
is done on time
Cost (The 4 2 8 Considering the requirements of 1 2 2
budget seems the client.
a bit tight) could go for a bit low end systems.
Limited Time 3 2 6 Could bring in freelancers, or 2 2 4
Period create a full-timed schedule to
ensure that the project is
completed within the time frame.
 Risk Register (cont͙)
Risks Risk Suggested improvements Risk
assessment assessment
(existing) after
improvements
C L CxL C L CxL
Delays in delivery of 3 2 6 Ensure that all hardware is 2 1 2
Hardware to Click received and tested before
the installation

Last Minute changes 4 2 8 Come to an agreement with 2 1 2

on Floor plan the client that if such
happens the duration and
budget would be change
 Risk Management Process
Ê Risk Management is the name given to a
logical and systematic method of identifying,
analysing, treating and monitoring the risks
involved in any activity or process.
 Steps of Risk Management Process
Ê Identifying sources of risk

Ê Analysing and assessing risks

Ê Contingency planning

Ê Establish contingency reserves

 Conclusion
Ê We have identified 5 risks
Ê Through risk register they can be minimized
Ê There are mainly 4 steps involved in risk
management process