$3.$ Quantifying Risk

Galway $(2004)$ discusses three risk elements that concern project management:

$$ Schedule $$ will the project be completed within the planned timeframe?

$$ Cost $$ will the project be completed within the allocated budget?

$$ Performance $$ will the output from the project satisfy the business and technical goals of the project?

Where possible, these risks should be quantified to enable the project team to develop effective mitigation

strategies for the risks, or to include appropriate contingencies in the project estimate

the reseach must be done following these steps below:

$\backslash$table$[[$Capst$],[$TASK$,,],[$TASK$,$OWNER,$],[$Step $1$: Capstone Project Topic and Proposal Development$],[\backslash$table$[[$Contact$/$Introduce yourself to students$],[-$ Expectations$],[-$ Importance of deliverables and supervisor Turnaround Time$]],$Supervisor,$],[\backslash$table$[[$Group Webinar$],[-$ Topic development$],[-$ Technicalities when developing a topic and a proposal$],[-$ Rational of project proposal$],[-$ Contents of a proposal$]],$Supervisor,$],[$Ongoing one on one or group consultation,Supervisor,$],[$Review of Students Topics and proposal,Supervisor,$],[$Collection of Gatekeeper Letters from Students $($First Round$),$Supervisor,$],[$Issuing of Ethical Clearance,Ethics Committee,$],[$Milsestone $1,],[$Step $2$: Capstone Project Final Submission Write Up$,],[\backslash$table$[[$Group Webinar$],[-$ Expansion of the proposal to include findings.$],[$Please note students use secondary data in their study because an$],[$ethical clearance is not provided for undergraduate students$]],$Supervisor,$],[$Ongoing one on one or group consultation,Supervisor,$],[$Collection of Gatekeeper Letters from Students $($Second Round$),$Supervisor,$],[$Issuing of Ethical Clearance,Ethics Committee,$],[$Milsestone $2,],[$Step $3$: Review of Students Final Submission,$],[,$Milestone $3,],[$Final Project Submission Week,Project Milsestone $3,]]$

Key

$\backslash$table$[[$Active Deliverables,$],[$Deliverable Completion or End Date,$],[$Total Task Time Frame,$],[$Milestone$,]]$