Leadership and the Management of Project Risk, Quality and People

Leadership and the
Management of Project
Risk, Quality and People

Table of Contents
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................3
Identify three risks that could impact on business outcomes..........................................................3
First Risk..........................................................................................................................................3
Justification of choice of impact.............................................................................................3
Probability ratings..................................................................................................................3
Exploration of potential mitigation........................................................................................3
Contingency plans and consideration of budgetary implications of these plans....................3
Second Risk.....................................................................................................................................3
Justification of choice of impact.............................................................................................3
Probability ratings..................................................................................................................3
Exploration of potential mitigation........................................................................................3
Contingency plans and consideration of budgetary implications of these plans....................3
Third Risk........................................................................................................................................4
Justification of choice of impact.............................................................................................4
Probability ratings..................................................................................................................4
Exploration of potential mitigation........................................................................................4
Contingency plans and consideration of budgetary implications of these plans....................4
Task 2...............................................................................................................................................4
Two techniques which are covered to explore one or more risks ...................................................4
Justification of choice of technique while considering their relevance and identification of part
of risk management life cycle which are of most value.........................................................4
Conclusion.......................................................................................................................................4
References .......................................................................................................................................5

Task 1
Leadership is described as the process of influencing others in order to achieve the
company's objectives (Menezes, Gusmão and Moura, 2019). It is defined as an interpersonal
process through which employees feel guided toward achieving goals. The primary responsibility
of management is to get things done and to push others to achieve organizational goals in a
timely way. The research is based on a case study of Dag-Bruken, an Australian-based electrical
engineering firm. The project will include several risks and specifications that will have a
significant impact on the company's performance. The project will detail the justification for
each risk and its probability ratings, as well as potential risk mitigation and contingency
measures, as well as their budgetary consequences. In addition, two strategies for examining
hazards, in particular, will be illustrated. Furthermore, justification will be provided based on
their relevance and the identification of each risk management component (Guinan, Parise, and
Langowitz, 2019). According to the case study, a deal was reached in 1996 between Dag-
Brucken ASRS Pty Ltd, an Australian electrical engineering company, and Super Cola Taiwan, a
well-known beverage maker. The contract called for the creation of an automated storage and
retrieval system. The case study also includes aspects that highlight project management
concerns (Zonnenshain and Kenett, 2020).
Determine three risks that may affect company outcomes.
First Risk
The first risk is Strategy and Technological Risks, which is one of the major risks in the Dag-
Brucken Company case study. According to the case study of the electrical engineering
company, the managing director of the company was an electrical engineer who was in charge of
building PLC Software knowledge. He also believes that the technique of building PC control
software will be used for new types of ASRS that pose fewer technological problems (Lai, Hsu
and Li, 2018).
Justification of choice of impact
The risk associated with tactics and technologies has a VERY HIGH impact since it affects a
variety of aspects. Specifically, it has had a significant impact on all corporate processes that are
tied to technology features.

With the ignorance of the IT project and many others, the project's main management lacked
knowledge and comprehension concerning the technology of IT development. As the managing
director(MD) of the particular company, it appears that coming to terms with the separation of
responsibilities and its function as a business owner frequently clashed with the work role of the
technical director has been tough (Zuo, and et.al., 2018).
Probability ratings
When it comes to the strategies and technologies utilized inside the specified firm, the company
Dag-Brucken has a High Probability of Risk. The increased chance of risk, according to the
example, is attributable to the strategies and technology. In terms of technology, the projects
were unique, and they are anticipating a high degree of research and development style work.
The lack of functional specifications, data models, design charts, module specifications, and test
plans has revealed a gap in the technological evolution process. According to the company's
perspective, all of its trading operations are risky and have a high potential for failure (Liao, and
Ai Lin Teo, 2018).
Exploration of potential mitigation
These risks can be managed in a variety of ways, including safeguarding PCs, servers, and
wireless networks. As a result, the organization should update its software regularly to ensure
that the latest versions are available, as well as teach its personnel about the policies. With the
help of recognizing the strategic and technical risks, the operations of information technology
and the firm can be reduced. To analyze and evaluate the potential risk in the electrical products
segment. The corporation should offer and identify the proper and effective risk control solution
to minimize risk or reduce possible harm to the organization's group, surroundings, and other
assets (Antony,and Gupta, 2018).
Contingency plans and consideration of budgetary implications of these plans
Various recommendations are offered in order to respond appropriately to strategic and technical
threats. A clear contingency plan is essential because it helps the organisation to resume normal
operations after experiencing unanticipated effects. As a result, technological advancements will
aid in the management and ownership of the organization in regulating the absence of technology
(Jennings, 2020). It is essential for the human resources involved in the concern to have a
thorough understanding of the operational conditions. Because it will provide software engineers
with a precise and effective time schedule for the entire procedure. This method will help guide