Project Risk Management Plan Essay Example for Free

Project Risk Management Plan EssayFirst of all we identify our project risks, which ar let us cognise what to expect in the future and how to act during the problem.1) Risks identification We highlighted couple categories of risks, which are most important to be ready against them.Procedural and technical failures from failures of native systems and engage errors, organization, fraud, technical failures. Such as non- responding servers, any mistakes in the internal systems, broken servers, late updates, missing reading, etc. Human from individuals or organizations, illness, death. For example if the of import IT person do not work cause the illness, we have to be ready to have any other backup to take action if needed. usable loss of control of organizational operations. Reputational damage to reputation in the market. Such as customers dissatisfaction of the slow app working.2) Qualitative risk compend prioritizing risks for further analysis or action by assessin g and combining their probability of occurrence and impact. Our project idea related with the internet, servers and so on, so our main priority looking into probability of risks are to ensure a well-functioning app without any errors and failures. As a result we have priority of our risks.1) Procedural and technical failures2) Human3) Operational4) Reputational3) Quantitative risk analysis numerically analyzing the effect of identified risks on overall project objectives.1) Procedural and technical failures could bring dissatisfaction of customers. 2) Human slower working of the app, errors andfailures of the app cause the misunderstanding information of the servers. 3) Operational loss of control of the organization. 4) Reputational- dissatisfaction of the customers, stakeholders, suppliers, employees.4) Risk response planning developing options and actions to enhance opportunities and to reduce threats to project objectivesTo ensure well-functioning app we have to be ready fo r any risk and have a plan how to react. To reduce any threats we have to have professional IT specialists, have a great training system, that every employee would know basics how to react in any situation. The training system could lead to faster activities. Every department should be related with each other to take down and know the newest information. Also we have to have backup specialists, which would help, if the other employee cant work cause the illness.Also we can react using unlike strategies (depending on the risk situation) such as avoid-eliminate the threat entirely, transfer- shift the problem to the third party, mitigate reduce the probability of occurrence or impact of a risk (adopt less complex processes, conduct more tests), or accept the risk before knowing all the details about that problem.5) Risk control implementing risk response plans, tracking identified risks, identifying new risks.Some employees have to be responsible for tracking identified risks, also identify new risks and be ready to act. Checking for newest information, threats and opportunities it is one of the way, how to control risks.