MANAGE PROJECT RISK assignment sample
Table of Content
| Assessment task 2 |
3 |
| Risk management plan |
3 |
| Email with Risk Register |
6 |
| Assessment task 3 |
7 |
| Email to assessor regarding evaluation report |
7 |
| Email to assessor regarding risk control announcement |
8 |
Assessment task 2
Risk management plan
To,
The Assessor
Nature Care Products
Subject: Risk management plan
Respected head
I have attached the risk management plan for the risks related to human resource department of Nature care. There are different aspects mentioned in the attachment regarding risk context, controls as well as parameters. I request you to consider all these aspects in terms of managing a better prevention plan for Nature Care Products,
Thanks and Regards
Risk Management Plan (Template)
Project risk context
There are different risks factors related to human resources and the major ones include unavailability of flexible communication along with lack of workplace engagement.
Risk management objectives and standards
There are certain risk management objectives set for this project and those are as follow:
- To identify gaps in operation and communication
- To increase engagement of professionals
Risk identification methods
Risk identification methods in this project are as follow:
- Brainstorming
- Flow chart method
- Risk survey among professionals
Risk categorisation process
There is different process or field of risk identification method and those are as follow:
- Considering workplace culture
- Setting new communication strategy
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|
Impact
|
|
|
Trivial |
Minor |
Moderate |
Major |
Extreme |
| Probability |
| Rare |
Low |
Low |
Low |
Medium |
Medium |
| Unlikely |
Low |
Low
| Medium |
Medium |
Medium |
| Moderate |
Low |
Medium |
Medium |
Medium |
high |
| Likely |
Medium |
Medium |
Medium |
High |
High |
| Very Likely |
Medium |
Medium |
High |
High |
High |
|
|
|
|
|
|
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Risk Management approaches
There will be different risk mitigation approaches and those are like
- Mitigation
- Transfer
- Avoidance
Risk monitoring and review processes
There will be regular monitoring process and Nature Care HRM professionals will be evaluated as per availability.
- Changes to existing risk evaluation
- Managing resources
- Availability of professional communication
Risks identified
Identify at least six risks associated with the expansion
Classify project risks
Classify each risk within agreed risk categories
| Risk |
Probability |
Impact |
Rating |
| 1 |
High |
High |
5 |
| 2 |
Low |
High |
3 |
| 3 |
High |
High |
2 |
| 4 |
Medium |
High |
2 |
| 5 |
High |
High |
2 |
| 6 |
Low |
High |
4 |
Potential treatment methods
The treatment methods for Nature care are to evaluate all of the fields in HRM along with managing solutions to gain communication flexibilities to different managers. It is important to manage all of the professional groups to engage in the project along with considering their responses.
Email with Risk Register
To,
he assessor
Nature Care
Subject: Risk register template
Respected head,
After analysing the current scenario of Nature care I have attached a risk register in order to gain flexibility in operation as well as managing quality support to external customers. In terms of HRM risk factors communication and engagement to the professional workplace.
Thanks
| Area |
Risk |
Severity |
Likelihood |
Risk Rating |
Treatment/control methods |
Responsibility |
| Human Resources |
Communication lack |
Medium |
High |
5 |
Regular discussion and IT resources for communication |
|
| Human Resources |
Poor engagement to workplace |
High |
High |
4 |
Support of management regarding motivation and training |
|
| Human Resources |
Operational risk |
Medium |
Medium |
3 |
Gap identification and solution |
|
| Human Resources |
Lack in training |
Medium |
Medium |
4 |
Managing expert professionals to train individual employees. |
|
| Human Resources |
Unavailability of resources |
Medium |
Medium |
1 |
Manage additional fund and investors |
|
Assessment task 3
Email to assessor regarding evaluation report
To
Assessor
Nature Care
Subject: Evaluation report
Respected head,
I have attached the evaluation report regarding the risk management project for Nature Care. There are certain evidences found regarding marketing and HRM efforts. I inform to check all of the factors regarding evaluation and risk management as per below template.
Thanks
Risk Management Evaluation Report (Template)
Effectiveness of the risk management treatment
As an outcome, the risk management project will consider avoidance of communication threats along with managing human resources for expansion. It is a fact that while arranging new trends of business, it is important to consider all gaps along with market threats. The effectiveness of the report will be evaluated in the same way.
Effectiveness of the risk management processes and procedures
Step by step procedures will be followed to consider risk management process. On the other hand, it is also possible that after identification of gaps in HRM, it will be easier to handle risk and threats for market expansion and other HRM efforts.
Changed circumstances that may impact project risks
Changes in circumstances will make impact on availability of resources and workforce. It is possible that all of the resources may increase demand along with project schedule. For change management, it is important to manage regular surveillance on changes in existing plan.
Determine risk responses to changed environment
The risk responsive should consider impact as well as further arrangement of resources. For example, it is a fact that having fewer concerns, on changes, Nature Care may face issues while making an expansion. On the other hand, responsible heads may face constraints in communication.
Recommended improvements for application to future projects
The risk treatment may gain effectiveness with the implications of proper change management procedure as well as availability of professionals. Regular surveillance on the project may reduce risk terms of the project for Nature care.
Email to assessor regarding risk control announcement
To,
The Assessor
Nature Care
Subject: Email regarding announcement of risk control measure
Respected head,
After analysing the risk management for Nature Care, it is important to announce all of the protective measures so that engaged project professionals can better follow new implications. I am requesting to you to engage all of the resourceful information regarding risk control along with the provided template plans. Having information among all groups, it will be easier to compete the project for Nature Care.
Thanks
