voip project risk
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:
- Explain risk management and its associated activities and defend the need for a risk management plan.
- Describe the Delphi technique used to identify risks and infer n types of projects where this technique is most accurate.
- Examine the four (4) types of risk response (ie., avoidance, acceptance, transference, and mitigation) and determine the appropriate situation where each should be used.
- Complete the table with the risk response type (i.e.., avoidance, acceptance, transference, and mitigation) and a description of the response.
- 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.
- 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%.
- 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.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
|
Points: 100 |
Assignment 6: VoIP Part 4 (Risk Register) |
|||
|
Criteria |
Unacceptable Below 70% F |
Fair 70-79% C |
Proficient 80-89% B |
Exemplary 90-100% A |
|
1. Explain risk management and its associated activities and defend the need for a risk management plan. Weight: 10% |
Did not submit or incompletelyexplained risk management and its associated activities and did not submit or incompletelydefended the need for a risk management plan. |
Partially explained risk management and its associated activities and partially defended the need for a risk management plan. |
Satisfactorily explained risk management and its associated activities and satisfactorily defended the need for a risk management plan. |
Thoroughly explained risk management and its associated activities and thoroughly defended the need for a risk management plan. |
|
2. Describe the Delphi technique used to identify risks and infer on types of projects where this technique is most accurate. Weight: 10% |
Did not submit or incompletelydescribed the Delphi technique used to identify risks and did not submit or incompletely inferred on types of projects where this technique is most accurate. |
Partially described the Delphi technique used to identify risks and partially inferred on types of projects where this technique is most accurate. |
Satisfactorily described the Delphi technique used to identify risks and satisfactorily inferred on types of projects where this technique is most accurate. |
Thoroughly described the Delphi technique used to identify risks and thoroughly inferred on types of projects where this technique is most accurate. |
|
3. Examine the four (4) types of risk response (i.e., avoidance, acceptance, transference, and mitigation) and determine the appropriate situation where each should be used. Weight: 10% |
Did not submit or incompletelyexamined the four (4) types of risk response and did not submit or incompletelydetermined the appropriate situation where each should be used. |
Partially examined the four (4) types of risk response and partially determined the appropriate situation where each should be used. |
Satisfactorily examined the four (4) types of risk response and satisfactorily determined the appropriate situation where each should be used. |
Thoroughly examined the four (4) types of risk response and thoroughly determined 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. Weight: 15% |
Did not submit or incompletelycompleted the table with the risk response type and a description of the response. |
Partially completed the table with the risk response type and a description of the response. |
Satisfactorily completed the table with the risk response type and a description of the response. |
Thoroughly completed the table with the risk response type and a description of the response. |
|
5. Create a decision tree with the software of your choice to address risk number 6 of the provided information. Weight: 20% |
Did not submit or incompletely created a decision tree with the software of your choice to address risk number 6 of the provided information. |
Partially created a decision tree with the software of your choice to address risk number 6 of the provided information. |
Satisfactorily created a decision tree with the software of your choice to address risk number 6 of the provided information. |
Thoroughly created a decision tree with the software of your choice to address risk number 6 of the provided information. |
|
6. Explain the methodology utilized to create a decision tree and recommend the appropriate action to take based on your decision tree from criterion 5. Weight: 20% |
Did not submit or incompletelyexplained the methodology utilized to create a decision tree and did not submit or incompletely recommended the appropriate action to take based on your decision tree from criterion 5. |
Partially explained the methodology utilized to create a decision tree and partially recommended the appropriate action to take based on your decision tree from criterion 5. |
Satisfactorily explained the methodology utilized to create a decision tree and satisfactorily recommended the appropriate action to take based on your decision tree from criterion 5. |
Thoroughly explained the methodology utilized to create a decision tree and thoroughly recommended the appropriate action to take based on your decision tree from criterion 5. |
|
7. 2 references Weight: 5% |
No references provided |
Does not meet the required number of references; some or all references poor quality choices. |
Meets number of required references; all references high quality choices. |
Exceeds number of required references; all references high quality choices. |
|
8. Clarity, writing mechanics, and formatting requirements Weight: 10% |
More than 6 errors present |
5-6 errors present |
3-4 errors present |
0-2 errors present |
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