Huntsville Plant Project
Risk Matrix Assessment
Devry University, Keller Graduate School of Management
Professor Susan Orr
A risk is an uncertain event that, if occurs, can jeopardize accomplishing the project objective. Risk identification includes determining which may adversely affect the project objective and what the impact of each risk might be if it occurs. (Gido/Clements, Pg. 285) I have created a risk matrix that identifies the potential risk that can place a burden on the project scope, schedule and budget.
My main concern and identification is the recruitment and training of ...view middle of the document...
Solution: Apply a headhunter to scan resumes for candidates with required experience and qualifications. Request additional training time for new employees; propose 9 weeks for individuals with no industry experience. If the board and budget allows, provide paid training to those individuals who are willing and able to start early.
The second identification that is of major concern is the procurement of building site, acquiring permits and approvals on time. The fact that all approvals must come from outside agencies, all documents should be submitted early.
Solution: I would suggest sending documentation 4 weeks prior to the proposed construction scheduled date. During the planning phase, paperwork should be completed and send while site build out is still occurring.
The third identification is a delay in the project schedule and is a major risk if it is not watched carefully. The issue with the permits and approvals is one factor; the other is if the weather does not hold up while we are commencing to build.
Solution: Ensure all documents have been sent to government agencies in a timely manner. Keep track of the forecast several days before the project is to begin. Knowing ahead of time how the weather will be will give us the opportunity to maintain a schedule in accordance to start date. If we need an early start time we can then adjust according to the current plan.