Assignment 6 VoIP Part 4 (Risk Register)

Using the Delphi technique, your team constructed the following risks register for the VoIP project containing the risk, the likelihood of its occurrence on a scale of 1 (least likely) to 5 (most likely), and the potential negative impact on the project on the same scale. In addition, they recommended the appropriate response and identified its type for one of the risks identified.

#

Risk

Likelihood (1-5)

Impact (1-5)

Response Type

Response

1

Project Delay due to   lack of resources

3

5

2

Project runs out of   funds before completion

1

5

3

Users reject new system

2

4

4

Defective Hardware

1

5

5

New government   regulations introduced during deployment increase the cost of running VoIP.

2

3

6

A Yearly Renewal Fee   issued on the legacy system due to delay of over 30 days in deployment of the   new system

1

4

Mitigation

Schedule check 30 days   before project deadline to determine if action needs to be taken to avoid   delay. Decision tree will be utilized.

Write a three to five (3-5) page paper in which you:

  1. Explain risk management and      its associated activities and defend the need for a risk management plan.
  2. Describe the Delphi      technique used to identify risks and infer n types of projects where this      technique is most accurate.
  3. Examine the four (4) types      of risk response (ie., avoidance, acceptance, transference, and      mitigation) and determine the appropriate situation where each should be      used.
  4. Complete the table with the      risk response type (i.e.., avoidance, acceptance, transference, and      mitigation) and a description of the response.
  5. Create a decision tree      diagram with the software of your choice (Word, PowerPoint, Visio, etc.)      and make an OFFICE document or PDF to address Risk Number 6.
  6. Assume that when you      check the schedule on day 60 of the project, it becomes evident that two      additional engineers are needed to ensure on-time completion of the      project. The engineers cost $25,000 each and a fee of $120,000 is issued      by the legacy provider. The probability of completing the project on time      is as follows: With the current personnel – 60%; With one engineer – 80%;      With both engineers – 98%.
  7. Fully explain your rationale      in the document you create. How does your decision tree flow? What are      your decision points, and most importantly, what is your recommendation      and how did you arrive at this conclusion? Is there a point of diminishing      return where it would be so expensive that it wouldn’t be worth it to      employ the additional resources? Why or why not? Be sure to use proper      business communication and consider your audience to be business leaders      in the organization at which you are employed. Remember, 100% original      work is required. Research on the Internet is fine, but do not submit work      that is not your own, and do not submit work that you’ve submitted      anywhere previously. Plagiarism detection tools will be used to ensure      originality.

Your assignment must follow thee formatting requirements:

· Be typed, double-spaced, use Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA Style Guide (Edition 6).  Check with your professor for any additional instructions.

· Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 

· Include the decision three diagram created in your chosen software. The completed decision tree must be imported into the Word document before the paper is submitted.

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