CQU Assignment 4: Risk Register, Cost Baseline, Funding Requirements

This report, prepared for a CQU assignment, details a risk register, cost baseline, and funding requirements for a project involving the incorporation of indigenous language into the CQU campus using digital signage. The risk register identifies potential threats and opportunities, including lack of awareness and resource constraints, along with mitigation strategies and impact assessments. The cost baseline outlines the project's financial plan, breaking down expenses across various tasks like design, printing, and implementation of the signage. Finally, the report specifies the funding requirements needed to execute the project, summarizing the total costs for different activities. The report also includes a bibliography of relevant project management resources.

Running head: ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING
REQUIREMENTS
Assignment 4: Risk Register, Cost Baseline and Funding Requirements
Name of the Student:
Name of the University:

1
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
Table of Contents
1.0 Risk Register..............................................................................................................................2
2.0 Cost Baseline.............................................................................................................................8
3.0 Funding requirements..............................................................................................................12
Bibliography..................................................................................................................................13

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ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
1.0 Risk Register
Num
ber
Date
Logge
d
Rais
ed
By
Sta
tus
Type Description
(Cause/Eve
nt/Effect)
Proximi
ty
Categ
ory
Likeli
hood
Conseq
uence
Level
(pre
treat
ment)
Treat
ment
Respo
nse
Treatme
nt
Treat
ment
Updat
e
Own
er
Residu
al
Impact
Likeli
hood
(post
treat
ment)
Conseq
uence
(post
treatme
nt)
Level
(post
treat
ment)
1 2.10.2
017
Tea
m
Lead
er,
Proje
ct
Man
ager
and
Act
ive
Threat Incorporatio
n of
indigenous
language
into the
CQU
campus by
use of the
digital
25.02.20
18 (As
the
project
work
complete
d on
15.02.20
17 with
Lack
of
promo
tion
Likely Major High Reduc
e
Awarene
ss
campaig
n event
on
effective
ness of
the
language
17.02.
2018
Proje
ct
Mana
ger
Impact
on the
populat
ion of
Austral
ia,
Failure
of the
promot
Possib
le
Critical High

3
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
Proje
ct
Own
er
signage has
lack of
awareness
campaign
event so the
audiences
are not
getting
information
about the
usefulness of
this project.
submissi
on of
final
documen
tation)
is done
througho
ut songs
and
stories.
The
universit
y should
set
alignme
nt with
NAIDO
C to
promote
their
language
s in
ional
strategi
es

4
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
attractiv
e way.
2 12.10.
2017
Proje
ct
Man
ager
Act
ive
Threat Due to lack
of budegt
and capital
for the
project plan,
the project
manager is
not able to
hire more
resources so
that the work
is completed
on time.
21.11.20
17 (As
the
develop
ment of
project
plan
finished
on
02.09.20
17)
Lack
of
resour
ces
Possib
le
Major High Reduc
e
As the
project
capital is
correlate
d with
required
project
resource
s, and
then it
should
be
ensured
that a
20.02.
2018
Exec
utive
Spon
sor
Impact
on the
project
success
Possib
le
Modera
te
Mediu
m

5
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
proper
budget is
defined
and
aligned
along
with
resource
plan.
3 3.11.2
017
Proje
ct
Spon
sor
Act
ive
Opport
unity
In order to
promote
history and
traditional
culture of
Australia, it
is required to
use of native
Soon Stakeh
older
Unlike
ly
Modera
te
Mediu
m
Exploi
t
CQ
Universi
ty should
use of
innovati
ve
digital
commun
10.03.
2018
Proje
ct
Mana
ger
It will
provide
of
busines
s
opportu
nities
for
Unlike
ly
Modera
te
Low

6
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
language.
Therefore,
the
university
sets an
alignment
with
NAIDOC to
plan a
campaign
for
promoting
their theme
"Our
language is
important".
ication
process
to adopt
of digital
signage
into the
electroni
c
messagi
ng for
displayin
g the
signs.
other
groups
of
stakeho
lder.

7
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS

8
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
2.0 Cost Baseline
W
B
S
Task
Name
Jan Feb Ma
rch
Apr
il
Ma
y
Jun
e
Jul
y
Aug Sep Oct Nov Dec
1 Project
plan
started
2 Design
of the
sign
board
2.
1
Determ
ine
main
content
$
10,0
00.0
0
2.
2
Develo
p
project
plan
$
800.
00
2.
3
Develo
p scope
$
1,00
0.00
2.
4
Approv
al of
the
project
$
6,00
0.00
2.
5
Checki
ng for
$
640.
$
1,00
$
1,00

9
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
the
project
change
s
00 0.00 0.00
2.
6
Identifi
cation
of the
project
change
s
$
760.
00
$
1,00
0.00
3 Printin
g of the
sign
boards
3.
1
Finding
of
proper
project
theme
$
1,56
0.00
$
1,00
0.00
$
1,00
0.00
3.
2
Select
vendor
s for
digital
signage
$
25,0
00.0
0
3.
3
Collect
ion of
vendor
inform
ation

10
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
3.
4
Attach
ment of
PADS4
model
digital
display
$
15,0
00.0
0
$
10,0
00.0
0
$
10,0
00.0
0
4 Remov
ing of
old
signage
$
8,10
0.00
4.
1
Collect
ion of
old
sign
boards
$
7,10
0.00
4.
2
Markin
g as
collecte
d
$
1,00
0.00
5 Implem
entatio
n of
new
signage
$
4,27
0.00
$
4,27
0.00
5.
1
Identif
ying
new
locatio
n
$
1,00
0.00
$
1,00
0.00

11
ASSIGNMENT 4: RISK REGISTER, COST BASELINE AND FUNDING REQUIREMENTS
5.
2
Fixing
whole
inform
ation
$
6,54
0.00
5.
3
Quality
checkin
g
$
5,00
0.00
5.
4
Final
submis
sion
and
docum
entatio
n
$
3,00
0.00
Total 150
00
864
0
100
0
100
0
760 1000 0 100
00
336
0
534
70
228
10
100
00
Cumul
ative
total
150
00
236
40
246
40
256
40
264
00
2740
0
274
00
374
00
407
60
942
30
117
040
127
040