You have been tasked to conduct an urgent risk assessment for a short‐term, yet critical project affecting the whole organisation, and the FRAAP approach has been prescribed to the team. Defend the decision of prescribing the FRAAP approach.
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You have been tasked to conduct an urgent risk assessment for a short‐term, yet
critical project affecting the whole organisation, and the FRAAP approach has been
prescribed to the team. Defend the decision of prescribing the FRAAP approach.
Step by step
Solved in 2 steps
- Risk Assessment: Imagine you have been put in charge of a team to develop the network system for a small business of 30 employers at two different sites in two towns about 100 miles apart from each other. The network system needs to handle the company’s website, email, payroll/personnel, and customer data. Describe how you would factor in “Risk Management” and Quality Assurance” into you IT Project Management Plan? GUIDANCE: What would you do before the project, during the project, and at the end of the project to address these areas? How do you factor in the various computers and levels of security? How will components of the system be located and networked? How will you be sureAppraise the project risk management process that could have been prudently adopted for the case study project that couldhave averted the risks during the lifecycle of the project.What are the advantages and drawbacks of SPI approaches, and what standards should be used to choose a technique that is appropriate for the project's and the company's environment?
- NOT AN ESSAY Once the major elements of the Mt Edgecombe project were defined and approved, SANRAL’s project management team could begin the detailed planning of the project. Develop a comprehensive plan discussing how SANRAL would plan for uncertainty using two tools for managing uncertainty in projects.Conduct a formal Risk Plan for a project covering the following critical aspects;1. Identify the risks to start preparing a risk register and Analyse the risks (both qualitative and quantitative risk analysis)2. Plan risk responses3. Track and control risksMinimum 10 risks to be identified.How does the project team intend to ensure that the project deliver quality product(s) or service(s)?
- (a). You are the System Analyst for VIP Transport Company Ltd. The company wants to develop a computer-based accounting information system for use and you have been appointed as the project manager for this project.i) Perform technical feasibility and operational feasibility for this project, using practical examples to illustrate your answer. Justify your answer(s). [You may use tables in your feasibility analysis]Embattled Mango might have proposed rescue plan ready by the end of October -Low-cost airline Mango's first meetings as part of its business rescue process took place on Wednesday, with employee representatives and creditors being briefed on the steps ahead. Among other things, employees expect to be paid their outstanding salaries for last month. The voluntary business rescue process was approved as from 28 July, and the goal is to have a proposed rescue plan by the end of October. Rescue practitioner Sipho Sono of Opis Advisory said one meeting was with the airline's creditors and the other with unions and representatives of non-unionised employees. He said he was satisfied with the process so far. "The next steps will be setting up several meetings with the various committees established. More details will be provided as the business rescue process unfolds," said Sono. Jordan Butler, chair of the Mango Pilots' Association (MPA), said the aim is to have a proposed rescue plan by 29…Scope creep and feature creep are two unfavorable outcomes that may result from this. To make the distinction between the two ideas evident, explain them. What is the primary reason behind these two issues? What happens in this project's worst-case scenario if these two unfavorable circumstances arise?
- Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information, Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. 1. Create a risk register for the project. Identify six potential risks, including risks related to the problems described in the previous paragraph. Include negative and positive risks. 2. Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 representing the lowest values. For a simple risk factor…Only 35 percent of projects were finished on time and on budget, according to a study that was recently performed by IBM with 585 mobile application developers and managers. Consequently, what risks are there for companies such as FIMC who rush into the market with brand new mobile applications?Monitoring is concerned with achieving a balance of the three dimensions of a project. Explain how the balance of these elements takes place in managing a project?