This report delves into the risk management failures of the Queensland Health payroll system project, specifically focusing on the disastrous implementation by IBM Australia. The assignment begins with an introduction outlining the project's background, objectives, and adopted risk management methodology, which includes qualitative analysis of secondary sources. A detailed investigation is undertaken, establishing the internal and external contexts through SWOT and PESTEL analyses, respectively. The report then proceeds to risk assessment, encompassing risk identification, analysis, and evaluation, culminating in the creation of a risk register. Key findings include the identification of internal weaknesses such as a lack of autonomy and expertise within Queensland Health, alongside external threats like corruption and economic fluctuations. The report concludes with a discussion of the findings, offering recommendations for improved risk management practices, such as risk management training and employee empowerment, to mitigate future project failures. The report includes appendices with the risk register, stakeholder register, risk matrices, and relevant excerpts.
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