Project Risk Assessment for Mammas Bakery Expansion

Running head: PROJECT RISK ASSESSMENT FOR MAMMAS BAKERY EXPANSION
Project Risk Assessment for Mammas Bakery Expansion
Name of the Student
Name of the University
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PROJECT RISK ASSESSMENT FOR MAMMAS BAKERY EXPANSION1
Table of Contents
1. Threatening Risks towards the Project........................................................................................2
2. Mitigations and Risk Handling Plans..........................................................................................2
3. Impacts on Cost, Schedule and Scope.........................................................................................3
4. Determination of Costs and Impacts and Benefits of Risk Mitigation........................................4
5. Mitigation of Risks......................................................................................................................5
6. Implementable Risks and Mitigations.........................................................................................5
7. The Expensive Contingency Action/Plan....................................................................................6
8. Determination of Costs and Impacts............................................................................................7
References........................................................................................................................................8

PROJECT RISK ASSESSMENT FOR MAMMAS BAKERY EXPANSION2
1. Threatening Risks towards the Project
The risks that could be the most threatening towards the project success are:
1. Risks in relation to IT system design could be considered as widely threatening
towards the project success (Jacobsson, Boldt & Carlsson, 2016). Some associated risks included
within them are based on determining the proper form of project scope by listing all possible
inclusions and ensuring that each of the activities planned for the project along with their date of
completion would suffice to the project requirements.
2. The hardware that would be procured for the development of the website should be
properly checked. Risks could be based on their installation and inbuilt features, which might
degrade the quality of project outcomes during the time of website development (Alberts et al.,
2017). Hardware failure in the mid-way of the project could be a serious loss in quality issues
and might also delay the process of project delivery thus raising other related costs.
3. During the phase of system networking, a certain risk could arise when determining the
quality of the network that is helping towards the development of the website-based project
(Chang et al., 2015). The service provider might not be suitable and might also lack to provide
certain technical support in case there are failures arising within the network being used for the
purpose of development.
2. Mitigations and Risk Handling Plans
The mitigations and risk handling plans that should be implemented for the benefits of
the project are: