Project Management Part 2: Risk Register, Project Closure, and Methodologies

Project Management
(Part 2)

Table of Contents
INTRODUCTION (100)..................................................................................................................1
Task A: Risk Register......................................................................................................................1
Task B: Project closure (400)..........................................................................................................4
Task C: Methodologies....................................................................................................................4
Waterfall.................................................................................................................................5
Agile.......................................................................................................................................5
Prince2....................................................................................................................................6
Recommendation....................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Project management representatives effectively manage and correctly implement skills,
knowledge, and tools by performing outstanding activities and project efforts related to meeting
appropriate demand goals. It also tends to take on the prominent stage of providing appropriate
guidance to project managers to complete all activities and achieve success according to
appropriate standards. The report discusses QAHE's Project Inception Documents (PIDs) related
to the rebuilding of the Manchester campus. The project aims to develop a better heating
arrangement of the teaching space and sound absorbing panels on the walls to make it appear
attractive. In this case, stakeholder analysis, key personnel, methods, objectives, and timeline,
and WBS are entered into the case related to the selected case scenario.
Task A: Risk Register
A risk register basically provides a systematic written document that is useful and vital for
effectively recording the all the identified risk that hampers the efficiency level of the project
(Montes-Guerra and et. al., 2021). Following are the possible risk that encountered during the
current project on improved teaching space development at the Manchester campus of QAHE
without disrupting the teaching schedule:
Severity prior to mitigations Severity after mitigation
Proba
bility
Imp-
act
Rat-
ing
Mitigation Proba
bility
Imp
act
Rati
ng
Contingency Statu
s
Own
1. Lack of
proper
scheduli
ng
2 3 2 For Mitigation of this
risk associated with
shortage of employees
and overscheduling
effective management
and bifurcation of work
is important and vital
for which use of Gantt
chart and WBS along
with other tools could
be made for effective
1 2 2 Effective maagment and
organisation of activity
should be undertaken to
eliminate the chances of
last Minute absence
along with better
management of
employees and
bifurcation of work
Acti
on in
proc
ess
Proje
Man
1

scheduling and
management of the
work.
2. Budget
overrun
3 2 2 To eliminate and
mitigate the risk of
budget overrun
effective preparation of
budget is vital along
with keeping at least
15% of finance to meet
the future contingency.
1 3 2 Extra amount and
finance could be asked
or arranged by the
project sponsors to meet
the issue of Budget
Overrun.
Acti
on
appr
oved
Finan
Direc
3. Lack of
experien
ced
staffs
2 3 3 Lack of experienced
staff is a vital risk for
current project that
would directly impact
the quality and
efficiency level of the
work. Thus, Proper
training would be
provided to all staff to
maintain their skill and
competency level.
1 2 2 Hiring of more
experienced staff and
contractor would be
made.
Acti
on in
proc
ess
Proje
Man
4. Risk of
Fire
2 2 2 It forms out to be the
most vital health and
safety risk as chances of
fire is high at
construction site. Thus,
proper facility of fire
extinguisher should be
present at construction
site. Along with training
1 2 2 At the time of situation
of fire, first of fire
alarm must be pushed
along with quick
evacuation of people
and dialling 112 and
999 for help.
Acti
on
appr
oved
Proje
mana
2