Weekly Graduation Report on Risk Management for Cultural Diversity Awareness Campaign
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Added on  2023/04/23
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AI Summary
This report provides a weekly graduation report on risk management plan for launching a cultural diversity awareness campaign. It includes risk identification, mitigation, priority, probability, impact, and response level.
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Running head: PROJECT MANAGEMENT Weekly Graduation Report on Risk Management Case Study: Plan and launch cultural diversity awareness campaign Name of the Student: Name of the University:
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1PROJECT MANAGEMENT Table of Contents Weekly graduation report for Risk management plan.....................................................................2 Risk response for top three risks..................................................................................................4 References........................................................................................................................................5
2PROJECT MANAGEMENT Weekly graduation report for Risk management plan Fleming and Koppelman (2016) stated that the risk management plan can describe process to identify assessment, analyze, manage as well as monitor the risks. The project team members created a risk management plan to identify the risks related to plan and launch a cultural diversityawareness campaign in the company. Below shows the weekly graduation report for the risks in table format: Risk Identification Type of risk Root causePotential ResponseResponse Owner Priority Thecost performanceindex (CPI)isover budgetofthe campaign plan due tounexpected expenses Negative risk Unexpected expenses Researchrelatedto allcosts,reviewof thebudgeton monthly basis, search fortheadditional sponsor Financial Manager 1 Communityisnot engagedasresult of limitedcultural diversity awareness Negative risk Communityis notawareof thecampaign and its benefits Increaseinthe marketingactivities, researchefficiency forthecultural diversitycampaign and check quality for thecampaign Marketing Manager 3
3PROJECT MANAGEMENT (Heagney, 2016). Problems related to sourcingof volunteers Negative risk The volunteers arenot showing up. Signingofbinding contracts and creating alistwiththe emerging contracts Marketing Manager 4 Delay in the project plan, therefore the campaignproject haslowschedule performanceindex (CPI) Negative risk Theproject teamisnot followedthe project activities which are scheduled. Followtheproject schedule and use of Project Software Tool forschedulingthe projectactivities followed by start and end date Project Manager 2 Lack of trainingOpportunity risk Theproject teammembers havelackof awarenessof thecultural diversity. Providing of training totheprojectstaffs regarding handling of projectmanagement relatedactivities (Harrison&Lock, 2017) Project Manager 5
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4PROJECT MANAGEMENT Risk response for top three risks Risk Priority Risk IdentificationRisk Response MitigationProbabilityImpactRisk Level 1Likelihood of over budgetofthe campaign plan due tounexpected expenses MitigateThereis proper budgeting ofthe project activities. ModerateExtremeHigh risk 2Delay in the project plan MitigateThereis usageof project manageme nttoolto schedule theproject plan. ModerateMajorMedium 3Communityisnot engaged as result of limitedcultural diversity awareness AcceptThereis requiredto increasein the marketing LikelyMajorHigh
5PROJECT MANAGEMENT activities. References Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute. Harrison, F., &Lock,D.(2017).Advancedprojectmanagement:astructuredapproach. Routledge. Heagney, J. (2016).Fundamentals of project management. Amacom.