QAHE: Risk Register Report for Classroom Restructure Project Analysis

This report focuses on the risk register for a classroom restructure project at QAHE, an educational institute aiming to expand its capacity. The report begins with an introduction to project management and its importance, followed by a detailed risk register. The risk register identifies various potential risks associated with the project, including budget constraints, coordination issues, lack of resources, and changes in legislation. Each risk is described, along with its probability, potential consequences, and proposed mitigation strategies. The report also includes an analysis of risk owners, contingency plans, and pre and post-action measures. The conclusion emphasizes the importance of proactive risk management for successful project outcomes, and the report references several academic sources related to risk management and project planning. The report highlights the need for continuous monitoring of government policies and effective coordination among project staff to ensure project success.

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................5
TASK 2............................................................................................................................................5
Risk Register..........................................................................................................................5
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Project management plays an important role as it include different stages such as
planning, initiating, formulation, implementing, monitoring & controlling as well. All these
phases help companies to attain their desired goals within stipulated time frame. It is analysed
that almost all the business companies’ uses project management so that activities related to
project is implemented in a proper manner (Jain, 2018). The present report is based on QAHE, it
is an educational institute which increases skill & knowledge level of students in an effective
manner.
In addition to this, QA higher education is planning to increases space in order to raise
number of students. The higher authorities of institution decided to restructure classroom for the
betterment of students. This will help them to increase more number of students in college. The
first part of report involves work breakdown structure & project initiation document that had
discussed. In the present report, risk register will going to discuss that is associated with the
planning of QAHE.
TASK 2
Risk Register
Risk register is basically a document which is used by companies and project managers as
a risk management tool in order to analyse the level of risk that is associated with the project. In
addition to this, risk register assist in distinguishing risk that is based on activities linked with the
project. This document basically include nature of risk, mitigation measures, level of risk,
reference as well as owner of risk. The higher authorities of QAHE is going to restructure
classroom for students that attracts more people and thus number of students present in college is
increased. In order to implement project in an effective manner, it is important for senior
authorities to identify risk which is associated with their project. Herein, risk is associated which
is defined below:
No. Risk
description
Probab
ility
Probab
ility
conse
quen
ce
Owner Mitigation Contingency Pre
action
weighti
ng
score
Post
action
weighti
ng
score

(out of
10)
(out of
10)
1 The first risk
that is
associated with
project is high
budget. For the
present report,
the funds which
is sanctioned is
£100k.
High High Project
manage
r &
director
Using of
undue
money, that
university
hold to meet
with
uncertainties
. (Aytasova,
Solopo and
Karpenko,
2019). .
Backup plan
that is in
relation to
funds and
can be
increases by
with the
passage of
time and
need.
7 8
2 In order to
implement as
well as execute
project in a
proper manner,
effective
planning is
required by
project
managers.
Mediu
m
Medi
um
Directo
r of
instituti
on &
project
manage
r.
Cooperation
and
coordination
between
staff &
project
manager
helps in
getting task
completed
within time
frame.
Using work
breakdown
structure &
Gantt chart
aid project
manager to
carry out
activities
related to
project
properly
which will
lead to
attainment of
goals on time
period.
6 6
3 Improper High Medi Operati This risk can Providing 7 6

knowledge
between people
regarding the
project occur
issues and can
be considered
as one of the
type of risk.
um ons
manage
r &
director
be mitigated
if people
who have
full
knowledge
about
project is
taken part in
activities of
project.
training
session to
staff of the
situations
assist in
improvement
at that
particular
point of time.
4 Lack of
resources due
to limited
budget
Minima
l
High Manage
rial
director
&
operatio
nal
director
.
Increases in
partnership
with
sponsorship
ensure
availability
of funds at
all-time
during the
project.
It is essential
to make use
of finance
prior to
primary
resources as
proper use of
funds are
needed for
secondary
sources.
5 6
5 Another risk is
production unit
as there are
many problems
which is
associated with
time.
Minima
l
Mode
rate
Directo
r &
technic
al staff
Developmen
t of
coordination
and effective
relationship
among all
the members
It is essential
to use
developed
strategies in a
best manner
as it assist in
gaining
7 6

associated
with the
project.
positive
outcome and
aspects.
(Cashdan,
2019)
6 Change in
legislations and
policies
developed by
government.
Modera
te
Low Project
manage
ment
It is
important
for higher
authorities
to gain
insight
continuously
regarding
government
policies and
legislations
as well.
Considering
all the
government
laws &
regulations
prior to the
process of
project
planning.
6 4
7 Delay between
supplying
procedure that
is linked with
supply of raw
materials.
Minima
l
High Managi
ng
director
of
project
Ensure
inventory
prior to
project
initiation
helps in
properly and
smoothly
perform
activities
(Rattan and
Effective
relationship
with person
who supply
raw material
ensure
availability
of goods
required for
project.
7 8

Tiernan,
2019).
8 Another risk is
safety as well
as security.
High Mini
mal
Manage
ment of
project
Concerned
all the
problems
that has
raised in
past so that
project
implement
in proper
manner.
Have an
emergency
number and
security
guards. The
option is call
police if any
situation
occur.
8 5
9 Low
management
risk that is
associated with
present project
Modera
te
Low Manage
rs of
project
It is
determined
that if
operations &
activities
associated is
not managed
in proper
impact
negatively
on execution
of project.
This may
also delay
time of
project
which has
Giving
proper
training and
development
session to
staff enhance
skills and
competencies
due to which
they
optimally
utilise the
resources and
implement
activities in
proper
manner.
7 5

impact on
overall
objectives.
10 Disruption in
activities due to
Murphy’s Law
Low Medi
um
Managi
ng
director
Conducting
brainstormin
g session to
identify
negative
outcome
before
initiation of
project.
Considering
risk
assessment
procedure
prior to
planning and
initiation of
project.
7 6
Due to all this risk, the authorities of QA higher education might not get success in
project that is restructure of classroom for students (Ivanov, D., 2018). Thus, it is important to
identify risk before, during and after the project.
CONCLUSION
From the above discussion, it has been analysed that project management plays an important
role in every organisation as it assist in achievement of objectives within given time period. In
addition to this, risk register document involves all the risk which is associated with project and
act as a risk management tool. It help project managers to take effective decision that leads to
accurate modifications in a proper manner. Moreover, it is essential for managers to continuously
focus on government policies so that any change occur did not impact project negatively.
Furthermore, there should be coordination among project manager and staff then only a project
gain success properly as well as effectively.

REFERENCES
Books&Journal
Ivanov, D., 2018. Structural dynamics and resilience in supply chain risk management (Vol.
265). Berlin: Springer International Publishing.
Cashdan, E., 2019. Risk and uncertainty in tribal and peasant economies. Routledge.
Rattan, R. and Tiernan, J., 2019. Risk management in general dental practice (Vol. 13).
Quintessence Publishing.
Jain, P.,and et. al., 2018. Process Resilience Analysis Framework (PRAF): A systems approach
for improved risk and safety management. Journal of Loss Prevention in the Process
Industries, 53, pp.61-73.
Kemshall, H., 2019. Risk in probation practice. Routledge.
Aytasova, A. S., Solopova, N. A. and Karpenko, P. A., 2019, January. Development the risk
management system of processes in the enterprise. In 2019 IEEE Conference of Russian Young
Researchers in Electrical and Electronic Engineering (EIConRus) (pp. 1357-1360). IEEE.