Project Risks Using Risk Register

Identifying Project Risks Using A Risk Register

Instructions/Descriptions

Identifying Project Risks Using A Risk Register

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Question Description

Use the Work Breakdown Structure, PDM, Scope of Work, and Budget to identify PROJECT RISKS using a risk register showing description, P/I, and responses using the template below.

Risk Register

Scope of Work (SOW)

1. Animal exhibits will include giraffes, elephants, penguins, polar bears, flamingoes, sea-lions, zebras and a rare snow fox.
2. The giraffes will co-exist with the elephants as will the flamingoes and sea-lions.
3. Each exhibit must be designed to reflect the natural habitat of the species.
4. All exhibits must be incorporated into the high-level park layout which needs to be created.
5. Hire and train following staff:

– Specialized veterinarian and support personnel must be trained and hired for each species.

– Zoo veterinarians must have ACZM certification.

– General grounds crew for maintenance consisting of landscapers and construction crews.

– Guest services group which includes security, ticket sales and special events.

6. Create three concession stands with different wildlife themes of which one will serve beer and wine.
7. Create two gift shops at each end of the park.
8. Partner with the community and offer day camps during the summer for underprivileged children including facilities such as Transportation, Breakfast, Lunch and an approved curriculum from the WWF.

Project Schedule/ Work Break Down Structure

Budget

According to the information in the exercise, The Activity on node is listed below. As Project Manager we must continue keeping the project ahead of schedule and under budget.

The Expected time of the project is 150 days. The critical path of the project contains all activities with slack equal to zero. Then, the critical path is Task 1.01- Task 1.02- Task 1.04 – Task 1.05 – Task 1.06 – Task 1.07 – Task 1.10.

BAC = 121,000

AC = 6,250

PV = 5,045.70

EV = 24,200

SV = 19,154.30; the project is ahead of schedule.

CV = 17,950; the project is under budget.

SPI = 4.7962; the project is ahead of schedule.

CPI = 3.872; the project is under budget.

1. a) Budget at Completion (BAC)

BAC = 15,000 + 7,500 + 30,000 + 15,000 + 500 + 50,000 + 3,000

BAC = 121,000

1. b) Actual Costs (AC)

AC = 6,250

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1. c) Planned Value (PV)

PV = (% expected work completed) x BAC

The rate per hour of the Wildlife Architect is: 125

The Wildlife Architect was paid: 6,250

DIAGRAM METHOD (PDM)

Identifying Project Risks Using A Risk Register

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