Risk management and project quality Essay Example | Topics and Well Written Essays - 1000 words

Risk commission and project quality - Essay ExampleUser support seems to be equ entirelyy high for upgraded package from all vendors, but Globalupgrades seems to have marginally higher(prenominal) support from users.Project risk is defined as an uncertain event or condition in a project, which has a positive or prejudicious affect on at least single project objective. Uncertainties are present in all projects and can effect the time, greet, scope, or quality of a project (Project Management Institute PMI, 2004, p.238).2.1 The network cornerstone is weak in some areas of the state, and may not be able to support upgraded e-mail schema at some selective locations. This presents an uncertainty which may not allow the project to be punish as per its original intent. This has a effectiveness to affect the scope of the project and is therefore a electro cast out risk.2.2 Several of the vendors have proposed bundling of additional features like specialized e-mail address books and templates along with their upgraded results, if their product is selected. This is a positive opportunity as the vendor is proposing a value-added service, which can enhance the quality of the project.2.3 in that respect appears to be a problem with resource availability for the project the resource is estimated to fall short by two network engineers and a business analyst who would be required for project documentation. This is a negative risk, and has the potential to affect the completion of the project documentation and therefore, the project quality.2.4 There is a possibility that one of the vendors (Globalcom) will append its license fee by 20%. Such increase is not budgeted and has a potential to cause a cost overrun. This is a negative risk as this has the potential to negatively affect the project cost of Globalcom is selected as the vendor.2.5 All vendors seem to be ready to offer higher discounts with increase in number of users. Ohio Department of Taxation (ODT) is co nsidering adopting a similar e-mail system, which can increase the overall number of users when considered together with ODHS. This is a positive opportunity as this has the potential to reduce the cost of the project by leveraging the combined number of users of ODT and ODHS.3.0Qualitative Risk AnalysisRisk probability and Impact sagacity is a tool used for Qualitative Risk Analysis. Risk Probability Assessment investigates the likelihood that each specific risk will occur, while Risk Impact Assessment investigates the potential effect on project time, cost, scope or quality.Risks are prioritized as low, moderate, and high priority found on their probability and impact. It is proposed that ODHS use a probability and impact matrix as detailed downstairs for this purpose.Table 3-1Probability and Im