19 Jul Assignment 6 VoIP Part 4 – Risk Register
Utilizing the Delphi technique, your team constructed the following risks register the VoIP project containing the risk, the likelihood of its occurrence on a scale of 1 (least likely) to 5 (most likely), and the potential negative impact on the project on the same scale. In addition, they recommended the appropriate response and identified its type for one of the risks identified.
| # | Risk | Likelihood (1-5) | Impact
(1-5) |
Response Type | Response |
| 1 | Project Delayed due to lack of resources | 3 | 5 | ||
| 2 | Project runs out of funds before completion | 1 | 5 | ||
| 3 | Users reject new system | 2 | 2 | ||
| 4 | Defective Hardware | 1 | 5 | ||
| 5 | New government regulations introduced during deployment increase the cost of running VoIP | 2 | 3 | ||
| 6 | Yearly renewal fee issued on the legacy system due to delay of over 30 days in deployment of the new system | 1 | 4 | Mitigation | Schedule check 30 days before project deadline to determine if action needs to be taken to avoid delay. Decision tree will be utilized. |
Write a three to five (3-5) page paper in which you:
- Explain risk management and its associated activities and defend the need for a risk management plan.
- Describe the Delphi technique used to identify risks and infer on types of projects where this technique is most accurate.
- Examine the four (4) types of risk response (i.e., avoidance, acceptance, transference, and mitigation) and determine the appropriate situation where each should be used.
- Complete the table with the risk response type (i.e., avoidance, acceptance, transference, and mitigation) and a description of the response.
- Create a decision tree with the software of your choice to address risk number 6. Assume that when you check the schedule on day 60 of the project, it becomes evident that two (2) additional engineers are needed to ensure on-time completion of the project. The engineers cost $25,000 each and a fee of $120,000 is issued by the legacy provider. The probability of completing the project on time is as follows: With the current personnel – 60%; With one (1) engineer – 80%; With both engineers – 98%.
- Explain the methodology utilized to create a decision tree and recommend the appropriate action to take based on your decision tree from criterion 5.
- Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
- Include the decision tree created in your chosen software. The completed decision tree must be imported into the Word document before the paper is submitted.
The specific course learning outcomes associated with this assignment are:
- Examine the human resource factors that can impact project management.
- Summarize how the PMBOK® process groups and knowledge areas are involved throughout the project life cycle.
- Compare and contrast the sources and mitigating factors of project risk.
- Use project management and graphic software to plan and manage a project throughout the project life cycle.
- Use technology and information resources to research issues in IT project management.
- Write clearly and concisely about issues in IT project management using proper writing mechanics and technical style conventions
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.