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Facilities management: Theory and Practice

   

Added on  2021-05-31

5 Pages738 Words20 Views
Running head: PROJECT MANAGEMENTProject ManagementName of the StudentName of the UniversityAuthor Note
Facilities management: Theory and Practice_1
1 PROJECT MANAGEMENTRisk Assessment S.NoSecurity Threat/Risk DescriptionLikelihoodImpactPriorityPreventive Actions1.Budget RiskHighHigh High 1. Proper feasibility Analysis andplanning the project according to theavailable budget.2. Seeking additional fund from stategovernment by showing a full proofedproject plan.2.Schedule Risk MediumHighHigh1. Scheduling the events of the projectprior to the initiation of the worksassociated with the event3.ReputationalRisk LowHighHigh1. Implementation of the project in acontrolled environment so that itreduces the probability of project failure4.InformationSecurity RiskMediumHighMedium1. Ensuring proper data protection andenforcing access control5.Emotional Risk LowMediumMedium1. Proper planning of the event andmake it a huge success. The table above represents the critical risk associated with the project and the preventive actions of each risk. The preventive actions are the risk mitigation approaches that are needed to be undertaken in successful management of the events. Since all the three friends have very little experience about project management, it is necessary to develop a proper project plan before the initiation of the project. The risk assessment will be done at the initial stage of the project.
Facilities management: Theory and Practice_2

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