Question: [12:15 PM, 2/27/2023] Jay Pakale: 3.8.3. RISKS AND ISSUES Instruction: Using the lecture material identify risks and issues in the following forms. Risks should be

[12:15 PM, 2/27/2023] Jay Pakale: 3.8.3. RISKS AND ISSUES Instruction: Using the lecture material identify risks and issues in the following forms. Risks should be fully defined with information able the reason for the existence of the risk. This section lists project risks. Risks are something that may or may not happen in the future that could have a positive or negative impact on the project. Risk Prob Impact and Mitigation in tabular form [12:15 PM, 2/27/2023] Jay Pakale: 3.8.2. PROJECT CONSTRAINTS Recommended text: This section lists the projects constraints. Constraints are factors that restrict the project teams options. Examples of constraints: Time or budget restrictions Required adherence to specific standards The constraints for this project are as follows: [12:16 PM, 2/27/2023] Jay Pakale: 3.8. Project Conditions Includes your project assumptions and break them down by (resources, delivery, budget, scope, schedule, methodology, technology, and architecture & design) 3.8.1. ASSUMPTIONS Identify all known assumptions that apply to this project. Recommended text: This section lists the projects assumptions. Assumptions are factors outside the scope of the project that could affect its success and which the authors of this document believe to be true. Examples of assumptions: Another project will be completed on time. Appropriate resources will be available to work on the project. ID Item A1 A2 A3 A4

WeWork is facing significant challenges in the current market due to the impact of the COVID-19 pandemic on the demand for office space, increased competition from traditional office space providers and new entrants in the flexible workspace market, and concerns over its workplace culture.These challenges are affecting the company's ability to differentiate itself from competitors, maintain a competitive edge, and retain customers, leading to uncertainty about the future of its business model.

Action Created an algorithm in collaboration with the tech team for the business model for analyzing market trends and customer needs and identifying differentiation strategies to stand out from the competition Collaborated with cross-functional teams to design and develop a user-friendly customer interface that streamlines the booking process, provides real-time comparisons and updates of properties, and offers personalized recommendations and offers based on the customer's specific needs

Result/ Primary Project Objectives Increased the company revenue by 30% to stay ahead of the competition courtesy to the new business model and strategy Increased customer retention and engagement by 10%, by automating the user experience through a more efficient and personalized booking process and deals for every customer Launched the tool in five cities within 6 months

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