I have a project proposal due in class tomorrow and need help with what needs to
ID: 364998 • Letter: I
Question
I have a project proposal due in class tomorrow and need help with what needs to be done. My topic is Blackboard for Texas Tech is a massively important tool and is full of resources and is useful as a means of connecting to book vendors and their resources. It is used by students and professors throughout the Texas Tech System. Unfortunately, due to issues of connectability and a poor interface, much of Blackboard's value goes overlooked or even undiscovered by end users. Our solution is to make an interface that is far easier to use by being more visually appealing, less cluttered and by making resources easier to use. Blackboard is largely required by professors but many students only use it the least amount possible to accomplish their task. Many professors even opt to use their own websites or other resources altogether. This leaves lots of room for growth. By making it easier to use, many more students will take full advantage of the resources available to them and likewise, professors will use BB as their primary website.Explanation / Answer
EBook Project: The risk management plan for the ebook project would be a part of the overall project/Program plan. This being a complex projects require, we might need appropriate risk Matrix and Risk Plan.
The objective of the risk matrix is to manage and prioritize the risks, and thus plan to mitigate it and prevent it
The risk management matrix will document the following items:
Risk and Consequences – This would contain all the risks that are identified before the Project begins and we can continue to add risks during the project
Like, Risk of selecting a complex technology and its impact on the schedule.
Risk of Budget approvals and its impact
Risk of Compliance/Piracy issues…
Then for all the risk we need to identify the
3. Impact - what is the impact to the project if the risk should occur? Build a scale appropriate for the project – It could be a number between 1 and 5.
4. Priority – Probability multiplied by the Impact will result in the priority of that risk. Higher priority items should be mitigated and planned for before lower priority items.
5. Mitigation Response - a brief overview of mitigation steps to eliminate or reduce the risk.
Risk Management Matrix
This could be a six or seven column and could be added as per the risk manager’s choice. The columns will be named after each of the five items in the previous section. The first column can simply be an ID column.
ID
Risks and Consequences
Probability
Impact
Priority
Mitigation Response
See the below table for an example risk management plan.
ID Risks and Consequences Probability Impact Priority Mitigation Response
R1 Selecting a Complex Technology 2 4 8 Ensure expert Tech resource availability
R2 Budget Overshoots 3 3 9 Budget tracking and alarm mechanism
R3 Delay from Vendors 4 2 8 Have Vendor Management and Commitment Plan
Risk Management in Action
Once the risk management plan is defined, we can go ahead and add activities to the main Project plan to mitigate or prevent these risk. For example, we can add an activity to select resources who can work on that complex technology.
This Project Risk Management, basically revolves around the concept of Risk Identification, Risk Assessment and Risk Resolution.
Risk Management is an integral part of a project and is an ongoing process. When initiated at the beginning of a project, most risks may be identified and controlled or measures to counter act them may be developed such as involved with Change Management or program management.
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