Risk and Funding Analysis in Project Management Case Study

The assignment involves conducting a thorough risk analysis and formulating funding requirements for a signage board installation at CQU. The task is divided into two primary components: 'Risk Analysis' and 'Funding Strategies.' In the Risk Analysis section, students are required to identify potential risks that could impact the project's timeline or budget, such as design flaws or unforeseen installation challenges. They will need to propose mitigation strategies for each identified risk. The Funding Strategies component requires developing a detailed financial plan based on specified activities and costs associated with the project initiation meetings, signage board development, installation, interface display, and reserving management. Students must also justify their funding requirements using data from previous sections of the report, demonstrating how these figures contribute to the total estimated cost of $96,100. This exercise aims to equip students with practical skills in managing both the risks and financial aspects of a project.

Running head: CASE STUDY: OUR LANGUAGE IS IMPORTANT
Case Study- Our language is important
Name of the Student
Name of the University
Author’s Note

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CASE STUDY: OUR LANGUAGE IS IMPORTANT
Table of Contents
1. Risk Register................................................................................................................................3
2. Cost Baseline...............................................................................................................................5
2.1 Funding requirements............................................................................................................6
Bibliography....................................................................................................................................7

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CASE STUDY: OUR LANGUAGE IS IMPORTANT
1. Risk Register
PROJECT RISK & OPPORTUNITY REGISTER
Risk / Opportunity Identification Risk & Opportunity Analysis Post Treatment Risk & Opportunity
Analysis
Numbe
r
Date
Logge
d
Raised
By
Statu
s Type
Description
(Cause/Event/Effe
ct)
Proximi
ty Category Likeliho
od
Consequen
ce
Level
(pre-
treatmen
t)
Treatme
nt
Respons
e
Treatme
nt
Treatme
nt
Update
Owner Residua
l Impact
Likeliho
od (post
treatmen
t)
Consequen
ce (post
treatment)
Level
(post
treatmen
t)
1 7.9.17 Natalie Activ
e Threat
It is identified that
the pattern of
design that is
selected for the
sign board is not
found appropriate
for promoting the
different languages
that were used
traditionally. Thus
it is very much
necessary to select
the correct design
19.9.18 procumbent/
Finance Likely Moderate high Reduce
The
design of
the sign
board
must be
made in
such a
way that
it attracts
more
number of
people
and
promote
the
language.
20.8.18
Project
Manag
er
Major
negative
impact
is
created
on the
people
likely High Medium
2 12.9.1
7
Michell
e
Activ
e Threat
The government
are not taking any
action for language
promotion and as a
result the chances
of language
extinction is
enhancing day by
day.
17.8.18 Information/ICT Possible Major Medium Reduce
The
governme
nt should
take
appropriat
e action
for
promotion
of
different
languages
that are
used in
the past
so people
have
proper
informati
on as well
as
knowledg
e about
different
types of
languages
17.8.18
Project
Manag
er
It causes
negative
impact
on the
tradition
al
languag
es
likely Moderate Low
3 20.9.1
7 Alfred Activ
e
Opportuni
ty
It is found that the
project scope that
was elaborated
during the
planning of the
project is changed
due to adding
number of other
activities within
the project for
promoting the
traditional
languages
successfully.
After the
project
plan gets
executed
Finance/
Procurement Unlikely Minor Low Accept
It is
identified
that the
project
scope
must be
prepared
properly
before
project
planning
22.8.18
Project
Manag
er
No
impact Unlikely Significant Low

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CASE STUDY: OUR LANGUAGE IS IMPORTANT
2. Cost Baseline
WBS Task Name Jan Feb March April May June July Aug Sep Oct Nov Dec
1 Starting project phase
1.1 Creation of project charter $ 1,300.00
1.2 Documents associated
with project initiation is
created
$ 500.00
2 Design phase of the
project
2.1 Designing the graphic of
the project $ 800.00 $ 700.00 $ 600.00
2.2 Analyzing as well as
reviewing project
operation
$ 2,000.00
2.3 Analyzing different project
requirements $ 700.00 $ 600.00 $ 900.00 $26,000
2.4 Requirement analysis
review $ 1,300.00
3 Production phase of the
project
3.1 Mostly utilized language
selection $ 1,900.00 $ 600.00
3.2 Signage printing $ 2,700.00
3.3 Specifying the framework
of the signage
$ 1,700.00
3.4 Development of signage
board $ 25,000.00
3.5 Installation of sign board
within the campus of CQU
$ 2,500.00 $ 14,000.00
4 Closure phase of the
project
4.1 Documentation $ 4,000.00 $ 1,400.00
4.2 Signing documents $ 800.00
4.3 closure phase of project $ 2,300.00
Total $ 8,400.00 $ 2,500.00 $ 2,600.00 $ 600.00 $ 2,700.00 $ 800.00 $ 700.00 $ 1,300.00 $ 2,800.00 $1,08,100 $ 600.00 $ 26,000.00
Cumulative total 8400 10900 13500 14100 16800 17600 18300 19600 22400 130500 131100 157100

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CASE STUDY: OUR LANGUAGE IS IMPORTANT
2.1 Funding requirements
The different types of funding requirement for the project are as follows:
Activities Funding required
Project initiation related
meeting
$17,000
Signage board installation $34, 000
Signage board development 18,000
Displaying interface $10,000
Reserving management $19,000
Total $96,100

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CASE STUDY: OUR LANGUAGE IS IMPORTANT
Bibliography
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42.
Andersen, E. (2014). Value creation using the mission breakdown structure. International
Journal Of Project Management, 32(5), 885-892.
Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA.
Chance, D. M., & Brooks, R. (2015). Introduction to derivatives and risk management.
Cengage Learning.
Cherkaoui, K., Baptiste, P., Pellerin, R., Haït, A., & Perrier, N. (2017). Proactive tactical
planning approach for large scale engineering and construction projects. The Journal
of Modern Project Management, 5(1).
Crawford, J. K. (2014). Project management maturity model. CRC Press.
Dalcher, D. (2015). Introduction to Software Project Management. Proj Mgmt Jrnl, 46(4), e2-
e2.
Davis, K. (2014). Different stakeholder groups and their perceptions of project
success. International Journal of Project Management, 32(2), 189-201.
Fan, Y., Thomas, M., & Anantatmula, V. (2014). A Longitudinal Study of the Required
Skills of Project Managers. The Journal of Modern Project Management, 1(3).
Glendon, A. I., Clarke, S., & McKenna, E. (2016). Human safety and risk management. Crc
Press.

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CASE STUDY: OUR LANGUAGE IS IMPORTANT