Project-Risk Assessment and Project Schedule

This article discusses the risk assessment and project schedule for a networking project. It includes an updated WBS, risk assessment document, risk assessment matrix, and recommendations for avoiding or mitigating risks.

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Running head: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
PROJECT-RISK ASSESSMNET AND PROJECT SCHEDULE
Leonid Akbashev
Purdue Global

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Table of Contents
Updated WBS..................................................................................................................................3
Risk Assessment Document..........................................................................................................12
Likelihood..................................................................................................................................12
Severity......................................................................................................................................12
Risk Assessment Matrix.............................................................................................................13
Reference List................................................................................................................................15
Appendices....................................................................................................................................16
Appendix 1: Resource Graph for the networking project..........................................................16

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Updated WBS
This WBS is linked to the developed WBS in the previous unit. In this segment, the
learner has established a more detailed WBS with the description and responsibilities of each
activity. According to Heagney (2016), a detailed WBS ensures successful completion of any
project. Hence, the following WBS reflects on detailed aspects of this networking project.
[Referred to Appendix 1]
Project Roles Names Initials
Web designer Lara Dom LD
Networking Specialist Dixie Xang DX
Web developer Paul Oberoy PO
Project Manager Suzan Diane SD
Human resource Heymond Rian HR
Project Team members Luis Oracle, Matt Taylor,
Pollard Shaun, Sian Gon
LO, MT, PS, SG
Task Name Duration Start Finish Predecessors Cost Resource Initials
Network
designing
Project
211
days
Wed
02-01-
19
Wed 23-
10-19
$70,138.00
Project
Planning
30 days Wed
02-01-
Tue 12-02-
19
$5,000.00 HR,PO,SD,DX,LD

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
19
Gathering
resources
15 days
Wed
02-01-
19
Tue 22-01-
19
$3,000.00 HR
Identification
of network design
specification
10 days
Wed
23-01-
19
Tue 05-02-
19
3 $1,000.00 PO
Assigning
professionals
5 days
Wed
06-02-
19
Tue 12-02-
19
4 $1,000.00 SD
Analysis Phase 97 days
Thu 14-
02-19
Fri 28-06-
19
$29,796.00
DX,LD,LO,MT,PO,
PS,SD,SG
Network
Flow Analysis
5 days
Thu 14-
02-19
Wed 20-
02-19
$4,000.00 SG
Network
Mapping
15 days
Thu 21-
02-19
Wed 13-
03-19
7 $5,000.00 PO
Network
Characterization
18 days
Thu 14-
03-19
Mon 08-
04-19
8 $4,500.00 SD
Network
Sampling
4 days
Tue 09-
04-19
Fri 12-04-
19
9 $3,254.00 DX,SD
Network
Modeling
3 days Mon
15-04-
Wed 17-
04-19
10 $1,469.00 LD,LO

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
19
Estimation of
costs involved in
implementing the
design
2 days
Thu 18-
04-19
Fri 19-04-
19
11 $2,145.00 LO,MT,PS,SD
Data Backup
and restoration
14 days
Mon
22-04-
19
Thu 09-05-
19
12 $3,548.00 SG,SD,PO
Automatic
Backup
4 days
Fri 10-
05-19
Wed 15-
05-19
13 $1,458.00 SG,SD,PO
Backing up
data on a
centralized server
8 days
Thu 16-
05-19
Mon 27-
05-19
14 $1,478.00 SD
Assigning
distributed
backup clients
10 days
Tue 28-
05-19
Mon 10-
06-19
15 $1,296.00 LD,LO
Fibre channel
backups for a
SAN
14 days
Tue 11-
06-19
Fri 28-06-
19
16 $1,648.00 DX,SD
Designing
Phase
56 days
Mon
01-07-
19
Mon 16-
09-19
$31,357.00
DX,LD,LO,MT,PO,
PS,SD,SG

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Network
Security Design
10 days
Mon
01-07-
19
Fri 12-07-
19
$3,000.00 PO,PS,SD
Identification
of network assets
10 days
Mon
15-07-
19
Fri 26-07-
19
19 $1,459.00 LD,MT,PO
analysis of
security risks
10 days
Mon
29-07-
19
Fri 09-08-
19
20 $3,547.00 DX,PO,SD,SG
analysis of
security
requirements
4 days
Mon
12-08-
19
Thu 15-08-
19
21 $1,549.00 DX,LO,MT,SG
defining
security policy
4 days
Fri 16-
08-19
Wed 21-
08-19
22 $1,978.00 MT,PO,PS,SD
Logical
Network design
4 days
Thu 22-
08-19
Tue 27-08-
19
23 $2,954.00
DX,MT,PO,PS,SD,S
G
Physical
Network design
to floor plans and
locations
6 days
Wed
28-08-
19
Wed 04-
09-19
24 $1,463.00 LO,PO,SD,SG
Desigining
secuirty policy
2 days Thu 05-
09-19
Fri 06-09-
19
25 $5,364.00 DX,LD,LO,PO,SG

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
recommendation
Restrict
Access of users
3 days
Mon
09-09-
19
Wed 11-
09-19
26 $4,231.00 LD,PO,SD
Administration
issues
1 day
Thu 12-
09-19
Thu 12-09-
19
27 $2,598.00 LD,PO,PS,SD,SG
Role-based
authorisation
strategy plugin
2 days
Fri 13-
09-19
Mon 16-
09-19
28 $3,214.00 MT,PO,SD
Development
phase
20 days
Tue 17-
09-19
Mon 14-
10-19
$3,285.00 PO,PS,SD
Developing
the equipment list
10 days
Tue 17-
09-19
Mon 30-
09-19
$1,500.00 PO,PS,SD
Developing
full physical
implementation
10 days
Tue 01-
10-19
Mon 14-
10-19
31 $1,785.00 SD
Accomplishment
and testing
phase
7 days
Tue 15-
10-19
Wed 23-
10-19
32 $700.00 SD
4 days Tue 15- Fri 18-10- $500.00 SD

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Accomplishing
design
10-19 19
Project Sign-
off
3 days
Mon
21-10-
19
Wed 23-
10-19
34 $200.00 SD
Table 1: Updated WBS
(Source: Self-Developed)

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Risk Assessment Document
This risk assessment document has been developed to inform the stakeholders about the
associated risks in this networking project. Even though it is a networking project, some
significant risks have been identified and proposed under the risk assessment matrix. It is
recommended to strictly avoid or mitigate these risks to complete this project successfully.
Hence, risk profiling has been done by generating scores.
Likelihood
Remote Little or no likelihood
Unlikely Some involvement of likelihood
Likely A massive commitment of likelihood
Very Likely Almost certain participation
Table 2: Likelihood table
(Source: Marchewka, 2014)
Severity
Major The risk is high in these areas. Significant risks provide a total failure of the
project
Serious This severity reflects on the short-term failure of service and requires quick
action from the project manager
Significant The project is a partial failure and requires mitigation or avoidance of such
risks
Minor No issue can occur from this risk factor
Table 3: Severity Table

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
(Source: Marcelino-Sádaba et al. 2014)
Risk Assessment Matrix
4-Major Low Medium High High
3-Serious Low Medium Medium High
2-Significant Low Low Medium Medium
1-Minor Low Low Low Low
1-Remote 2-Unlikely 3-Likely 4- Very Likely
Table 4: Risk Assessment Matrix
(Source: Taylan et al. 2014)
Hence, based on the developed risk assessment matrix, the following risks have been scored for
this network designing project:
Risk name Likelihood Severity Risk Status Type of Action required
Lack of
development
technology
experience in the
current project
management team
2 4 Medium Risk Avoidance: Project Manager
should hire experienced personals
for this network designing project
Conflict in project
and resource
3 4 High Risk Mitigation: It is essential for
the project manager to focus on
an alternative option to mitigate

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
this issue significantly
Poor project
planning
1 1 Low No Action is required
Lack of analytical
skills
3 3 Medium Risk Avoidance: Project manager
should provide skill training to
incompetent team members
Difficulties in
logical network
flow
implementation
1 4 Low No action is required
Loss of human
resources due to
workplace hazards
4 4 High Risk Mitigation: Workplace
health and safety standards are to
be followed properly
Instability of
WAN and LAN
3 3 Medium Risk Avoidance: A proper
investigation is needed, prior
initiating this project
Table 5: Risk Assessment matrix and recommendation for avoiding or mitigating risks

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Reference List
Heagney, J. (2016). Fundamentals of project management. Washington: Amacom.
Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., & Villanueva, P. (2014). Project
risk management methodology for small firms. International journal of project
management, 32(2), 327-340.
Marchewka, J. T. (2014). Information technology project management. London: John Wiley &
Sons.
Taylan, O., Bafail, A. O., Abdulaal, R. M., & Kabli, M. R. (2014). Construction projects
selection and risk assessment by fuzzy AHP and fuzzy TOPSIS methodologies. Applied
Soft Computing, 17, 105-116.

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ASSIGNMENT 4: PROJECT-RISK ASSESSMENT AND PROJECT SCHEDULE
Appendices
Appendix 1: Resource Graph for the networking project