Risk Assessment Matrix

Running head: PROJECT MANAGEMENT
Xemba Translations Case Study
Name of the Student:
Name of the University:

PROJECT MANAGEMENT2
Table of Contents
A. Risk Assessment Matrix.....................................................................................................1
B. Performance measurement metrics....................................................................................4
1. Justification of metrics appropriate to use for Xemba Translations Project......................5
2. Interpretation of current performance of project based on calculations............................7
3. Three problems based on project performance metrics...................................................12
a. Identification of problems............................................................................................12
C. Executive Summary for the project sponsor....................................................................13
References................................................................................................................................16

1PROJECT MANAGEMENT
A. Risk Assessment Matrix
Description of
Risk
Impact Likelihood of
Occurrence
Degree of
Impact
Initial action to take if
event occurs
Team
member
responsible
Strategies for prevention
and mitigation
Overrun of the
project budget
The cost risk should
provide impact on
both project schedule
and project scope.
High High There should require to take
an assessment of project
budget by estimating cost.
At project initiation phase,
the cost should be estimated
by determining all project
expenses (Bahr, 2018).
Project
Manager
Based on the project scope
statement, the project
budget should be estimated.
The project resources are
reviewed to determine cost
efficiency, which will not
influencing schedule and
quality.
Insufficient
allocation of
resources
The project team is
not having ability to
meet with client’s
expectations which
Medium High The project manager should
require to provide training
and support to the project
team to enhance their
Project
Manager
There should require to hire
resources based on their
technical qualifications and
project requirements so that

2PROJECT MANAGEMENT
impact to project
delay and quality
issue.
technical skills (Kliem &
Ludin, 2019).
they can handle technical
work in the project.
Change in project
scope
Sudden change in the
project scope causes
modifications in the
project plan. It leads
to impact on both
cost as well as
schedule.
Medium Medium Before starting the project
work, the project manager
should require to take
approval from project client
on project scope and goals
(Vellani, 2019).
Project
Manager
A scope management plan
should require to prepare
based on project
requirements, objectives and
success criteria of the
project. Both in-scope and
out-scope factors should be
considered in the scope
statement.
Quality issues There is no quality
control team in the
project to handle
quality related issues
Medium Medium The project manager should
hire quality manager to
develop the quality
management plan and
Project
Manager
Quality assurance plan
should require to implement
in the project plan. It should
help to monitor processes