Writers Den

Assignment 6: VoIP Part 4 (Risk ter)

Due Week 9 and worth 80 points

Utilizing the Delphi technique, your team constructed the following risks
register the VoIP project containing the risk, the likelihood of its occurrence
on a scale of 1 (least likely) to 5 (most likely), and the potential negative
impact on the project on the same scale. In addition, they recommended the
appropriate response and identified its type for one of the risks
identified.

#	Risk	Likelihood (1-5)	Impact (1-5)	Response Type	Response
1	Project Delayed due to lack of resources	3	5
2	Project runs out of funds before completion	1	5
3	Users reject new system	2	2
4	Defective Hardware	1	5
5	New government regulations introduced during deployment increase the cost of running VoIP	2	3
6	Yearly renewal fee issued on the legacy system due to delay of over 30 days in deployment of the new system	1	4	Mitigation	Schedule check 30 days before project deadline to determine if action needs to be taken to avoid delay. Decision tree will be utilized.

Write a three to five (3-5) page paper in which you:

1.
Explain
risk management and its associated activities and defend the need for a risk
management plan.

2.
Describe
the Delphi technique used to identify risks and infer on types of projects
where this technique is most accurate.

3.
Examine
the four (4) types of risk response (i.e., avoidance, acceptance, transference,
and mitigation) and determine the appropriate situation where each should be
used.

4.
Complete
the table with the risk response type (i.e., avoidance, acceptance,
transference, and mitigation) and a description of the response.

5.
Create
a decision tree with the software of your choice to address risk number 6.
Assume that when you check the schedule on day 60 of the project, it becomes
evident that two (2) additional engineers are needed to ensure on-time
completion of the project. The engineers cost $25,000 each and a fee of
$120,000 is issued by the legacy provider. The probability of completing the
project on time is as follows: With the current personnel – 60%; With one (1)
engineer – 80%; With both engineers – 98%.

6.
Explain
the methodology utilized to create a decision tree and recommend the
appropriate action to take based on your decision tree from criterion 5.

7.
Use
at least two (2) quality resources in this assignment. Note:
Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting
requirements:

·
Be
typed, double spaced, using Times New Roman font (size 12), with one-inch
margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional
instructions.

·
Include
a cover page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.

·
Include
the decision tree created in your chosen software. The completed decision tree
must be imported into the Word document before the paper is submitted.

The specific course learning outcomes associated with
this assignment are:

·
Examine
the human resource factors that can impact project management.

·
Summarize
how the PMBOK® process groups and knowledge areas are involved throughout the
project life cycle.

·
Compare
and contrast the sources and mitigating factors of project risk.

·
Use
project management and graphic software to plan and manage a project throughout
the project life cycle.

·
Use
technology and information resources to research issues in IT project
management.

·
Write
clearly and concisely about issues in IT project management using proper
writing mechanics and technical style conventions

Clickhere to view the grading rubric
for this assignment