Risk Management

Running head: RISK MANAGEMENT
Risk Management
Name of the Student
Name of the University
Author note:

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Table of Contents
Introduction......................................................................................................................................2
Justification......................................................................................................................................2
Objectives:...................................................................................................................................2
Deliverables:................................................................................................................................2
Timeline Duration table...................................................................................................................3
Budget estimation:...........................................................................................................................4
Funding source.............................................................................................................................4
Assumptions, risks and constraints:.................................................................................................4
Project organization:........................................................................................................................7
Roles and responsibilities:...........................................................................................................7
Conclusion.......................................................................................................................................8

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Introduction:
Lectocomp Manufacturing Company manufactures computer boards which are used by
the customers in various products. As decided in the quarterly meeting, a new product has to be
launched in the upcoming year. This product is expected to fulfill some purposes of the medical
devices. Computer generated products are prone to various risks (Wu, Chen & Olson, 2014). As
a manager of this project, it is the duty to analyze the risk and find solution for the mitigation of
the risks awaiting in this project.
Justification:
With the increasing trends in technology, there is an abundance in usage of computer
generated products. These products reduces the human error and gives more accuracy. Despite of
being more beneficial, these are also having some constraints. They are machines, and they have
all the possibility to malfunction. If such devices are used in the purpose of medical needs, they
are expected to give a desirable outcome without any malfunctioning. Another major problem in
these devices are security threats (Lam, 2014). There is a possibility of data theft from the
system. Hence, a project chartered is created to analyze the threats in the system and take actions
against the ones that are having high risk level and need immediate attention.
Objectives:
1. To create a project charter for the given scenario.
2. To create a risk register for analyzing the risk.
3. To look for the mitigation techniques in the system.
Deliverables:
 Computer generated health care product (Demirkan, 2013)

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 A report on the risk management
Timeline Duration table:
Figure 1: Timeline Duration and Execution Table