Risk Management Plan for ATA’s East Timor Solar Project

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Risk Management Plan
ATA’s East Timor Social Project
3/23/2019

ATA’s East Timor Solar Project
Table of Contents
Introduction...........................................................................................................................................2
Project Background...........................................................................................................................2
Need for Risk Management...............................................................................................................2
Stakeholder Engagement and Management...........................................................................................2
Risk Management Plan..........................................................................................................................3
Risk Identification.............................................................................................................................3
Risk Analysis.....................................................................................................................................5
Execution...........................................................................................................................................5
Risk Response & Execution Monitoring...........................................................................................6
Conclusion.............................................................................................................................................6
References.............................................................................................................................................7

ATA’s East Timor Solar Project
Introduction
Risk management is one of the primary areas under the discipline of project management. It
is the knowledge area that incorporates the step-by-step and integrated methodology to make
sure that the project implementation is successful. There are management resources and the
project leadership that make sure that the knowledge associated with a project is utilized for
the purpose of risk identification, analysis, and response. The risk management plan provides
a phased approach to manage the risks.
Project Background
East Timor is a village that is located in Australia. Alternative Technology Association
(ATA), based out of Australia has taken up the initiative to carry out solar project in the
village. The solar program is a significant project as it will provide immense benefits to the
citizens of East Timor (Vorrath, 2016).
Need for Risk Management
The success of the solar project is necessary as it has the capability to provide several benefits
to the citizens and other project stakeholders. There are also various factors involved in the
project that may become the threat agents. Some of these include project resources, costs,
environment, legal policies, and various others. It is, therefore, necessary that the
management of the risks is adequately done. There are various other project areas that are
involved and stakeholder management is one such primary area (Zwikael & Ahn, 2010). It is
one of the factors that will play a major role in the process of risk management.
Stakeholder Engagement and Management
Stakeholder management and engagement is one of the essential parts of the overall risk
management process. East Timor Solar Project is one of the significant projects that have a
lot many stakeholders involved with it. These stakeholders will have significant contribution
in the project. The role of the various stakeholder groups will vary from each other. It will be
necessary for the project to deploy a Change Manager to handle the cultural diversity
involved in the solar project. The primary motive of the project is to provide the benefits to
residents of East Timor. Therefore, the communication to these stakeholders will be
necessary to be handled at the high priority. The stakeholders may have varying degree of
interest in the project. The analysis of the stakeholder interest levels must be done and the