Who Killed The Virtual Case File

Many types of risk are created – risk to the project, to the organization, to the employees involved and to the individuals supporting the change.

1. Planning Risks: Inadequate time to plan, allocate resources and scheduling thoroughly for projects completions and budget parameters.

The Virtual Case File (VCF) is a software application of The Federal Bureau of Investigation of the U.S. government that thought of to facilitating the case file management for FBI agents for sending field notes, documents, pieces of intelligence and other evidence So that they could act faster on leads.” Main goal of VCF is converting a paper-intensive process

Scope creep can be one of the worst enemies of a project manager, specially if it 's not adequately addressed. It includes anything that was not part of the initial scope and was added without passing through an evaluation process.

The following short case will give you a good idea of how risks surface in business and project planning and what companies do about it. Consider that you are the Risk Manager as you look at this case, as it will be a good exercise for the time when you will be that Risk Manager!

Identify a minimum of 10 project risks and when each will occur in the project life cycle, and then determine their impact and probability of occurrence.

When implementing project 1, you face technical and market risk. How would you assess the risks embedded in Project 1?

Many risks are interrelated. Analyze the following compound risk: Unstable requirements with tight budget will likely cancel the project. Discuss the dependencies that exist between the two risks.

Risks management is an important step during the process of a project. Failing to manage a risk may result in unforeseen event happening and a project’s failure. For example, with limited budget, an unforeseen event or an accident occurs in the middle of a project and this matter has not been considered and needs a big sum of expense, then the project may be stopped because of this unexpected event. We should know it is necessary to understand how to identify risks and assumptions based on the information. After identifying risks, it is important for project managers to set contingency plans to prevent and deal with these risks when they occur. Of course, several problems may happen during considering

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

3. Develop at least three (3) project risk recommendations based on the analysis from criteria number 1 and 2 of this assignment.

The VCF project lacked of proper planning. Firstly, the FBI had no Chief Information Officer (CIO) at the start of the project. Without a CIO, the FBI had no standard software infrastructure. The FBI had 23 divisions, each with their own IT budget, investigations database and applications (Goldstein, 2005).

Identify one or two risks your project is encountering and strategies that might mitigate them

Firstly, R.Ryan Nelson (2007) referred to 10 of the most infamous IT projects to assert the importance of making a careful analysis of projects that have occurred to help future projects. In order to attest this opinion, he illustrated the case of United Kingdom’s

A key activity in project management is assessing project constraints. A project has three limitations: scope, budget and schedule. These limitations are project constraints because they are sensitive to change and have an impact on project risk. Risk is exposure to uncertain outcomes. Project constraints are mutually exclusive. If one constraint changes it affects the others and adjustments may be required to compensate and manage risks. For example, a delay in the schedule can increase the risk that the project will not finish on time. Time is money and delays have a negative impact on the budget. To