Risk Management in Business Development: A Project Logbook

Desklib provides past papers and solved assignments for students. This project logbook helps in managing risks in business development projects.

Project Log
Project & Risk Log Book
 This document contains examples of activities that you undertake and log risks that you may encounter during the course of your project. Clearly it is not a template – you can’t just take the
risks and assume that they will be the ones you will encounter. Also the probability and impact of risk will vary from project to project, as well as the risk reduction and contingency actions you
can take.
 The ‘High High’ risks are made bold in the list below as clearly it is these risks that should get most attention in terms of analysis, monitoring and risk reduction effort.
Live Risks
Week No. Date
Identified
Update on weekly
research (including new
ideas or change in
project direction)
Risk identified
or Problem
encountered
Impact
(L,M,H)
Effect on Project Risk Reduction Actions
Proposed & Actual
Tasks for next week
1 1-Jan-
2019
Data collection through
primary sources. Problems
are identified and goals are
framed. Team for
successful completion of
project is created.
Lack of
responses from
individuals
High The authenticity of project is
defined by the collected
quantitative data.
Investigating the opinions of people
through surveys. Analysing the
current need of management skills in
business activities.
Forming and following a definite
strategy. Scheduling the activities
2 6-Jan-
2019
After analysing various
solutions, a final strategy is
followed that include the
fixing the schedule of
events.
Irrelevant
information
about required
resources.
Budget cost
variation
High It can affect the quality of
project. Variation in
scheduled budget may occur.
Discussion on impact of changing
the schedule and variation in budget
cost.
Executing the planned activities
3 13-Jan-
2019
Scheduled activities are
performed.
Unavailability of
resources may
occur in
between
processing
stages.
Medium Necessary tasks may get
affected and could result to
the quality hamper
Systematic structure should be
adopted. Latest techniques must be
used to reduce the risks.
Conducting survey and carrying out
market testing procedure
4 18-Jan-
2019
Questionnaires are raised.
More responses are
investigated to obtain
accurate results
The process is
time consuming
and
investigating the
responses could
be the lengthy
work to do.
Medium Duration of project may
increase and could result in
incompletion of project before
deadline.
Latest statistical and analytical tools
must be used to analyse the
responses quickly and accurately.
Monitoring and quality check
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Week No. Date
Identified
Update on weekly
research (including new
ideas or change in
project direction)
Risk identified
or Problem
encountered
Impact
(L,M,H)
Effect on Project Risk Reduction Actions
Proposed & Actual
Tasks for next week
5 25-Jan-
2019
Carrying out continuous
maintenance and quality
control process
Quality
parameters may
vary from
various factors.
Low Quality standards may get
affected. Control on risks
factors could led to rich
quality work.
Following quality standards and
continuous monitoring.
Documentation and paper work
6 30-Jan-
2019
Paper work completion and
board approval
Lack of
necessary
documents
Low Could lead to improper
documentation work.
Gather all necessary documents and
organize them in presentable and
readable form
Closure and making useful derivation of
project.
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