Risk Management Plan: ATA case scenario

Running head: RISK MANAGEMENT PLAN
Risk Management Plan: ATA case scenario
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1RISK MANAGEMENT PLAN
Introduction
This paper depicts the role of risk management plan and program for the successful
implementation of the solar lighting system design for ATA. It is a small non-governmental
Non-profit (NGO & NTP) organization whose aim is to install about 100 solar lighting systems
to a remote village area of East Timor (Queslicai). The village is comprises of around 70
households among which they are willing to provide this service to around 100 homes. However
during the phases of design development and execution of such system the project head faces
certain risks those are identified and mitigated in this report from the project management
perspectives.
Risk management planning
In order to resolve the risks and uncertainty associate to this specific project, the project
should not only just identify the risks but also assess those risks based on some assessment
factors (Frisari and Stadelmann 2015). The phases of risk management process are as follows:
Risk identification: In this phase the risks that may interrupt its success ate identified
Risk assessment: The root cause of the risks and the way through which these risks can
negatively impact the solar energy conversion project are indicted in this phase
Risk prioritization: Based on the complexity and effects these risks are all prioritized
rather ranked by the project associates in this phase.
Risk mitigation strategy: This is the last phase of project risk management where, the
risks are mitigated through different strategic approaches.

2RISK MANAGEMENT PLAN
The details of the risks, their impact, ranking and mitigation strategies are also identified
in the below risk management table:
Description of the risks Assessment results Mitigation strategies
The estimated cost for the
project may overrun
Medium During the project
development phase it may
happen that, additional cost
are required. Adequate project
contingencies are to be
provided by the project
manager (Ahmed et al. 2015).
In the project biding document
the different conditions for
price variation are to be
incorporated. Not only this but
also advanced initiative
towards project procurements
are necessary for the project
manager to incorporate to
avoid the issues of cost
overrunning.
Time overrun for the project Medium If it is found that, the
estimated time for the
completion of the project is