Assumptions and Risks
Assumptions used to develop estimates
Key risks, probability of occurrence, and impact
Organizational or Time Constraints
Risks of not doing the project
Assess dependencies on other projects
Assessment of project's impact on the organization
Outstanding issues
Formulation of key project risk mitigation strategies
- Based on past projects of the same magnitude budgets of over 1 million dollars were more than sufficient to purchase resources, overhead, and unforeseen expenses that may occur during the project.
Key risks, probability of occurrence, and impact
- Project doesn't get completed on time
- Project goes over budget
- Project doesn't function as desired
- All Project Requirements are not met
Organizational or Time Constraints
- Spending too much time on one part of the project
- Missing software or equipment needed to complete a task(s)
- Certain personnel may not be present everyday of the project
- Unforeseen events
Risks of not doing the project
- Can tarnish reputation
- Loss of profit
Assess dependencies on other projects
- Resources
- Money
- Time
- Personnel
- Equipment
- Software
Assessment of project's impact on the organization
- The organization can benefit greatly from the success of the project. They can save money and improve communications as well as provide convenience to their employees by allowing them to work from home or wherever they would like to .
Outstanding issues
- Will the system code function as intended to?
- Will the code communicate with the legacy system?
- Will the client be satisfied with the product?
Formulation of key project risk mitigation strategies
- Complete a thorough system analysis
- Question the client about system concerns
- Gather all requirements and go over them with client
- Thoroughly test code