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Running head: RISK RESPONSE PLAN Risk Response Plan Topic: Upgrading Telecommunications Equipment for Military S6 Information Systems Name of the Student Name of the University Author Note
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1RISK RESPONSE PLAN Table of Contents Introduction................................................................................................................................2 What is the purpose of a risk response plan?.........................................................................2 What is a risk owner?.............................................................................................................3 Who should be appointed to own risk on a project?..............................................................3 What is a risk owner's role in the risk response plan?............................................................3 How should a project manager assess and deal with the risk?...............................................4 List and describe the most common areas of the project where risks can originate..............4 List and discuss at least two types of risk for each area.........................................................5 What were the risks, and how were they handled? Should they have been handled differently?.............................................................................................................................6 Conclusion..................................................................................................................................6 References..................................................................................................................................7
2RISK RESPONSE PLAN Introduction The project that was proposed for the United States military was also susceptible to several risks like any other project does which needs to be identified right at the initial stages so that they can be mitigated. On the other hand, it also needs to be justified why risk occurrences in in in projects like this needs to be identified and mitigated where military communications are involved or even for any other project (Sanghera, 2019). Since this particularprojectinvolvesthemilitaryS6telecommunicationprograms,therisk identifications must be done with much more precise and effective way. Following would be the identifications of risks and generated risk response plan for the project. What is the purpose of a risk response plan? Risk response is a way of creating several strategic options through a process and also at the same time determine the actions that would help in enhancing the opportunities of reducing threats from a project and its objectives (Robinson, Patton & Jubin, 2018). At first, theprojectteamisassembledtomakeseveralmembersassignedinordertotake responsibility for identifying and responding to every risk that can be estimated throughout the progression of the project, even at the initiation stages (Parente, 2018). Dealing with the risk also comes with several response plan strategies. Risk can be avoided so that that that can be eliminated and the project can be protected from its impact. Again, it can also be moved or transferred so that the impact of the risk can be dodged to some third party. Risk and also be mitigated so that the probability or the impact at which the risk would have affected the project can be reduced. At first, every project needs to understand and accept the probability of containing risk. For every other project, a project can have a probability of occurrences about risks, and is risk and effective project in several ways which are mostly negative. The severity and
3RISK RESPONSE PLAN probability by which it can hamper the project progression needs to be found out through the risk response plan and this is why it is extremely important so that the risk and its severity can be identified and proper strategies are implemented to deal with the risk (Anantatmula & Fan, 2018). Since this project is dealing with military telecommunication, it is extremely important that any kind of scampering the program must be identified and dealt with. What is a risk owner? Risk owner is mostly an accountable person who should be contacted in case any risk is identified at a senior leadership level. These people would be able to handle and co- ordinate with all the strategies that are taken for creating and managing the risks consisting of all the other people who own several parts about the occurrence of the risk (Ayala-Cruz, 2016). A risk owner has the responsibility of ensuring that all the risk factors are eliminated using the correct methodology or strategies. Who should be appointed to own risk on a project? Any person involved within a project team can be appointed as a risk owner based on the identification of the risk and also the type of risk that has been estimated. It could also be a person that is responsible for handling the control of the identified risk management of the identified risk of monitoring (Wang et al., 2019). The implementation of the selected responses about the risk of the strategies identified by any person can also be regarded as the individual appointed to own the risk in a project. What is a risk owner's role in the risk response plan? A risk owner is generally a person within the project team that has the responsibility of taking all the communication plans between the project team members based on the severity and the type of risk so that the proper implementation of the mitigation strategies for the risk are monitored, handle and managed by the person (Urban, 2016). The individual has
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4RISK RESPONSE PLAN the responsibility of managing the project risks and mitigating them with the proper identified strategies. How should a project manager assess and deal with the risk? A project manager should assess and deal with the risk with the following strategies: Create a spreadsheet for making a risk register for the project. Identify the probable risk for the project. Identify the opportunities. Determine the likelihood of the risk and its impact (Rubio, Serpell & Ferrada, 2018). Determined how to respond to that risk. Estimate the risks and assign their owners. Monitor the occurrence and mitigation of the risk. List and describe the most common areas of the project where risks can originate The probability of risk in this military S6 communication project for the US army can also have several risk related to the project. These can be listed as follows: Lack of regulated certainty Not adhering to the imperatives for security and privacy Not having proper way of improving the agility of the military systems Failure to understand the role of industry and its ecosystem (Haapio & Siedel, 2017) Lack of data integrity Lacking the performance measurement for driving out execution of the project Failure of understanding the value for the customer Failure in extracting the value of network assets
5RISK RESPONSE PLAN List and discuss at least two types of risk for each area Following will be the listed identification of two types of risks for each of the areas: The customer ownership can be shared with disruptive partners and value chain positioning can be done in a wrong way. Consolidation and cross sector relationship suits offer and regulatory attitude must not be delivered by the operators. The trust level of the consumers can fall short for the data protection and differentiation opportunities cannot be acquired. No agility would be identified in the ecosystem of the industry and flexibility and innovation would not be fostered (Pheng, 2018). Without a proper integrated data for the military there could be various wrongdoings and lack of proper efficiency might lead to a much more destructiveeffectonthepeopleinUSduetothedisruptionin telecommunication in the military. Non measurable progress and digital strategy cannot be turned into real project. Customer satisfaction would not be attend and flexibility preposition cannot be implemented. Network technologies and the potential rivals can never be addressed as the organization would fall short of its competitors and it would drive a much more negative value from the network landscape in a heterogeneous field.
6RISK RESPONSE PLAN What were the risks, and how were they handled? Should they have been handled differently? All the identified risks and the abundance of strategies to handle them can be listed as follows: Value chain proposition can be introduced for enabling growth opportunities. Customer ownership can be shared. Operators can help in shaping up the regulatory attitudes. Regulators can re-visit the data protection guidelines so that the customer trust levels are maintained. Agility is introduced in the system so that the ecosystem has much diverse approach. Innovation can be fostered from within. The above mentioned strategies can be implemented to handle the risks that can occur for this particular project. There may be other strategies that can be implemented as well but that needs to be researched about first before implementation. Innovative ideas for managing and responding to risk can be always introduced within the project plan. Since it is about the militaryS6communication,thesecurityandprivacylevelshouldbegivenutmost importance. Conclusion Therefore, in conclusion, it can be said that risk response plan as generated as above for the military S6 telecommunication project need to identify the impending risk and mitigate them with the strategies as mentioned above. Since in this project security and privacy is of utmost importance, any kind of risk according and claiming the security and
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7RISK RESPONSE PLAN privacy measures should be mitigated at the first place. The strategies and the risk mitigation plans have been described in details as above.
8RISK RESPONSE PLAN References Anantatmula, V. S., & Fan, Y. (2018). Risk Management Strategies for Project Success. InResearch,Practices,andInnovationsinGlobalRiskandContingency Management(pp. 250-267). IGI Global. Ayala-Cruz,J.(2016).Projectriskplanninginhigh-technewproduct development.Academia Revista Latinoamericana de Administración,29(2), 110-124. Haapio, H., & Siedel, G. J. (2017).A short guide to contract risk. Routledge. Parente, S. (2018). Risk Management Made Easy. Pheng, L. S. (2018). Project Risk Management. InProject Management for the Built Environment(pp. 159-176). Springer, Singapore. Robinson, S. M., Patton, B. D., & Jubin, R. T. (2018).Risk Analysis Application to Project Management. Oak Ridge National Lab.(ORNL), Oak Ridge, TN (United States). Rubio,L.,Serpell,A.,&Ferrada,X.(2018).Measuringprojectriskmanagement performance: a preliminary model. Sanghera, P. (2019). Project Risk Management. InCAPM® in Depth(pp. 417-468). Apress, Berkeley, CA. Urban, M. E. (2016).Enhanced CapabilitiesforSubcriticalExperiments(ECSE) Risk Management Plan(No. LA-UR-16-22988). Los Alamos National Lab.(LANL), Los Alamos, NM (United States). Wang, L., Goh, M., Ding, R., & Pretorius, L. (2019). Improved simulated annealing based risk interaction network model for project risk response decisions.Decision Support Systems.