Comprehensive Risk Analysis Report for CQU Language Project

This report presents a risk analysis for a CQU language project, detailing potential risks and opportunities. The risk register identifies threats related to tool procurement and language interpretation, along with associated likelihood, consequences, and mitigation strategies. Opportunities include the potential for early project completion. The report also includes a cost baseline and funding requirements, outlining tasks, durations, and associated costs. The analysis covers various aspects of the project, including design, manufacturing, installation, and maintenance. The report emphasizes proactive risk management to ensure project success. A bibliography is provided, referencing NAIDOC's 'Our Languages Matter' theme.

Running head: RISK ANALYSIS
Risk Analysis
Name of the Student:
Name of the University:
Author Note

2BibliographyBibliography
RISK ANALYSIS
Risk Analysis
PROJECT RISK & OPPORTUNITY REGISTER
Risk / Opportunity Identification Risk & Opportunity Analysis Post Treatment Risk &
Opportunity Analysis
N
u
m
be
r
Dat
e
Lo
gg
ed
Rais
ed
By
St
at
u
s
Ty
pe
Descri
ption
(Caus
e/Even
t/Effec
t)
Proximity Catego
ry
Lik
eli
ho
od
Con
seq
uen
ce
Le
vel
(pr
e
tre
at
me
nt)
Tre
at
me
nt
Re
sp
on
se
Tre
atm
ent
Tre
at
me
nt
Up
dat
e
Ow
ner
Resid
ual
Impa
ct
Lik
eli
ho
od
(po
st
tre
at
me
nt)
Con
seq
uen
ce
(pos
t
treat
men
t)
Le
vel
(po
st
tre
at
me
nt)
1 18/
09/
201
7
Joce
lyn
Stick
len
(Man
ager
),
CQU
orga
nizat
ion
A
cti
v
e
Thr
eat
There
might
be
chanc
e of
risks
that
can be
arising
form
the the
procur
ement
of the
tools.
The
tools
that
are
28 October
2018 (This is
because the
session would
be starting
from this date
and he
students might
be facing the
problem form
the first day
itself)
Finance
/
Procure
ment
4.Li
kel
y
4.M
ajor
Hig
h
Re
duc
e
The
risk
is to
be
red
uce
d
so
that
the
tool
pro
cur
em
nts
are
don
e
pro
23/
09/
201
7
Joc
ely
n
Stic
kle
n
(Ma
nag
er),
CQ
U
org
ani
zati
on
After
the
imple
menta
tion of
the
risk
mitiga
tion
techni
que
the
machi
nes
are
going
to be
check
ed
4.Li
kel
y
4.M
ajor
Hig
h

3BibliographyBibliography
RISK ANALYSIS
being
used
migt
bnot
be
suitbal
e for
the
pupis
tfhat
are
looking
forwar
d to
learb
the
langua
ge
perl
y
and
also
the
syst
em
that
are
to
be
impl
em
ent
ed
sho
uld
be
don
e
with
red
uce
d
erro
r.
and
hence
the
errors
in the
syste
m
would
be
reduc
ed
and
also
the
pulpil
s
would
be
able
to
learn
better
.
2 19/
09/
201
7
Goi
Kis
han
(prf
ess
or)
A
cti
v
e
Thr
eat
The
risk
might
arise
due to
the
varaiet
y of
the
langua
ges
and
hecne
some
28 October
2018 (This is
because the
session would
be starting
from this date
and he
students might
be facing the
problem form
the first day
Stakeh
older/
Commu
nity
4.Li
kel
y
4.M
ajor
Hig
h
Sh
are
the
risk
is to
be
sha
red
am
ong
the
pupi
ls
that
are
goin
23/
09/
201
7
Joc
ely
n
Stic
kle
n
(Ma
nag
er),
CQ
U
org
ani
zati
The
inform
ation
about
ithe
risk
would
share
d
amon
g ghe
puils
and
hence
5.A
lmo
st
Cer
tain
3.M
oder
ate
Hig
h

4BibliographyBibliography
RISK ANALYSIS
of the
laugua
ges
can
hard to
uderst
and for
the
studen
t and
they
maight
be
misinte
rpretin
g the
laguag
es that
are
being
repres
ented
by the
system
.
itself)
g to
tajk
e
the
lang
uag
e
less
ons
for
m
the
syst
em.
The
y
sho
uld
able
to
kno
w
and
und
erst
and
the
wor
king
of
the
syst
em.
on the
pupils
would
be
able
to
under
stand
syste
m
better
and
would
be
awwa
re of
any
kind
of
misco
mmun
icatio
n that
takes
place
form
the
syste
m.
3 20/
09/
201
7
Sco
tt
Bo
wm
an
(Pr
Op
port
unit
y
The
risk is
that
the
project
might
be
20 Novermber
2018
Perform
ance
/Servic
e
Deliver
y
3.P
oss
ible
2.Mi
nor
Me
diu
m
Ex
ploi
t
The
re is
cha
nce
that
a
the
24/
09/
202
7
Joc
ely
n
Stic
kle
n
(Ma
The
early
cmple
tion of
the
projec
t
4.Li
kel
y
2.Mi
nor
Me
diu
m

5BibliographyBibliography
RISK ANALYSIS
esi
den
t),
CQ
U
Org
ani
zati
on
complt
ed
before
the
allocat
ed
time.
proj
ect
mig
ht
be
com
plte
d by
20/
0/2
017
and
this
opp
ortu
nity
is to
gra
bbe
d
with
bot
h
han
ds.
nag
er),
CQ
U
org
ani
zati
on
would
result
in the
comp
any
earing
benefi
ts
form
the
projec
t at an
earlier
date.
Cost Baseline
Task Name Work Duration Start Finish 2013 2018
Our language is important 2,776 hrs 280 days Thu 2/15/18 Wed 3/13/19 $52,520.00 $15,680.00
Designing 528 hrs 66 days Thu 2/15/18 Thu 5/17/18 $15,840.00

6BibliographyBibliography
RISK ANALYSIS
Gathering Design 152 hrs 19 days Thu 2/15/18 Tue 3/13/18 $6,080.00
Prototype Design 176 hrs 22 days Wed 3/14/18 Thu 4/12/18 $1,760.00
Documents submission 200 hrs 25 days Fri 4/13/18 Thu 5/17/18 $8,000.00
Manufacturing 680 hrs 85 days Fri 5/18/18 Thu 9/13/18 $8,800.00
Procurment of Materials 240 hrs 30 days Fri 5/18/18 Thu 6/28/18 $4,400.00
Operational analysis 232 hrs 29 days Fri 6/29/18 Wed 8/8/18 $2,320.00
Prototype Design 208 hrs 26 days Thu 8/9/18 Thu 9/13/18 $2,080.00
Installation of Sign Board 1,440 hrs 113 days Fri 9/14/18 Tue 2/19/19 $27,880.00 $10,560.00
Collect Requirement 208 hrs 26 days Fri 9/14/18 Fri 10/19/18 $3,920.00
Signage designing 448 hrs 28 days Mon 10/22/18 Wed 11/28/18 $15,680.00
Signage borad development 400 hrs 25 days Thu 11/29/18 Wed 1/2/19 $8,280.00 $720.00
Putting signage board in the
CQU university 160 hrs 20 days Thu 1/3/19 Wed 1/30/19 $4,800.00

7BibliographyBibliography
RISK ANALYSIS
Distribute 224 hrs 14 days Thu 1/31/19 Tue 2/19/19 $5,040.00
Maintainence phase 128 hrs 16 days Wed 2/20/19 Wed 3/13/19 $5,120.00
Project closure 128 hrs 16 days Wed 2/20/19 Wed 3/13/19 $5,120.00
$3,200.00 $8,480.00 $8,640.00 $3,600.00 $9,120.00 $19,480.00 $12,800.00 $2,880.00
$3,200.00 $8,480.00 $4,160.00
$3,200.00 $2,880.00
$1,760.00
$3,840.00 $4,160.00
$4,480.00 $3,600.00 $720.00
$4,400.00
$80.00 $2,240.00
$1,360.00 $720.00
$8,400.00 $19,480.00 $10,560.00
$3,920.00
$4,480.00 $11,200.00
$8,280.00 $720.00
$4,800.00
$5,040.00
$2,240.00 $2,880.00
$2,240.00 $2,880.00
Funding Requirements
Task Name Duration Cost
Our language is important 280 days $68,200.00

8BibliographyBibliography
RISK ANALYSIS
Designing 66 days $15,840.00
Manufacturing 85 days $8,800.00
Installation of Sign Board 113 days $38,440.00
Maintainence phase 16 days $5,120.00