Identify what features will go into this iPhone copy, determine how to manufacture the phones for less than the real iPhone and determine how to market this new copy.

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Learning Goal: I’m working on a risk management case study and need a reference to help me learn. Operations & Training Risk Management Plan Author: Project Manager Status: Draft / Final Created: Mar 1 Updated: Mar 31 Objective The objective of this document is project manager of the team who will identify what features will go into this iPhone copy, determine how to manufacture the phones for less than the real iPhone and determine how to market this new copy. The project ends once the idea has either been abandoned or the new copy phone has been available for sale for 45 days. Executive Summary A.High-level Risks List of high-level risks are: 1. The project depends on the skills and knowledge of a few experts. If for any reason one of the experts cannot work on the project during the scheduled time, this may jeopardize the project success 2. Lack of understanding of how to read and use marketing data and lack of the amount of data collected. Due to the abundance of data, there will be some gaps that need to be interpreted correctly 3. Lack of transparency, in other words, not fully trusting the data collected B) Summary Milestone Schedule List of the milestones are: 1. Market analysis and feasibility study 2. Product POC design and manufacturing 3. Marketing campaign RISK TYPE ONE: Going over the project budget Design, Development & Implementation of Web-Based Employee Recognition Framework for ABC Manufacturing Ltd. Project Name Risk Register # Risk Title Risk Description / Impact Probability Impact Overall Priority Possible Mitigation 001 Unanimous Framework Input and Support for framework, guidelines and tools from HR community, managers and employees may be different since their perceptions are different. This may be a challenge for an unanimous framework. High High High Dedicated Project Co-ordinator from Human Resources department will be engaged to communicate the issue project wide team members. 002 Project Schedule at high time If the employee and managers are fully engaged in their manufacturing activity to meet production deadlines then they will not be able to participate in framework development activities. Specially in high volume production season, meeting project schedule will be an issue Moderate High High Project Lead to communicate and remind schedule to respective discipline and revise schedule so that it does not interfare with production target schedules. 003 Skilled Software Design Firm Since company does not have in-house software development team , it has to rely on third party software development firm. There may be a risk of selecting a software firm which has no skill in human resources software development. Moderate High High Project Lead to ensure selection of a software firm who has required experience in developing human resources softwares. 004 Software Integration Schedule Software integration with the updated company website will be an issue if it does not coincide with schedule. High High High Project Co-ordinator to ensure that software integration schedule coincide with the update of company website schedule. 005 Software delivery Schedule There is a risk that Software development firm may fail to deliver software on time High Very High Critical Project Lead to communicate and oversee software vendor schedule closely. He has to raise a flag for any possible schedule slippage so that it can be avoided. Appendix: Probability chart: Probability Qualitative Quantitative (if measurable) Low Very low chance of risk occurring. Less than <10% chance of risk occurring. Medium Medium chance of risk occurring. 10%-49% chance of risk occurring. High High chance of risk occurring. 50%-100% chance of risk occurring. Impact chart: Types of Impact Low Medium High Financial Low financial impact, costing the company $0-$14,000 Medium financial impact, costing the company $15,000-$29,000 High financial impact, costing the company $30,000 or more Operational Low impact to project operations, causing delays of a few days to a few weeks Medium impact to project operations, with potential to delay project by a month or more High impact to project operations, with potential to cause project failure People Low impact to employee attrition, with 5%+ of employees quitting Medium impact to employee attrition, with 25%+ of employees quitting High impact to employee attrition, with 50%+ employees quitting Probability and Impact Matrix: Inherent Risk Impact Low Medium High Probability High Medium High High Medium Low Medium High Low Low Low Medium https://www.coursera.org/learn/project-planning-go… LikeReply 1 More https://www.coursera.org/learn/project-planning-go… LikeReply 1 More https://www.coursera.org/learn/project-planning-go… LikeReply 1 More Requirements: FOR 1 YEAR

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