Project Management: Risk Analysis for QA Roseberry Avenue Campus

This report presents a risk management analysis for the refurbishment project of the QA Higher Education Roseberry Avenue campus. The report emphasizes the importance of risk management in project management, highlighting the need to identify, assess, and mitigate potential risks across financial, operational, technological, human resources, and structural/process areas. The report includes a detailed risk register, outlining potential risks such as budget overspending, machinery defects, and delays in material delivery, along with their probability, impact, and proposed mitigation strategies. The report also emphasizes the importance of stakeholder management and the use of contingency plans. The student has provided a detailed overview of the risk management process, including the development of a risk register and the importance of proactive risk mitigation to ensure project success and avoid common pitfalls like budget overruns and employee turnover. The report concludes by stressing the critical role of effective risk management in delivering projects on time, within budget, and with the required resources.