Question: Analyse the risks listed below 1-20 using Both Qualitative and Quantitative risk analysis Use the following Risk rating Criteria: Rating Scale 1 2 3 4
Analyse the risks listed below 1-20 using Both Qualitative and Quantitative risk analysis
Use the following Risk rating Criteria:
Rating Scale 1 2 3 4 5
Probability Rare Unlikely Possible Likely Almost certain
Impact Negligible Minor Moderate Major Catastrophic
Risks
- Problems with system integration
- Lack of time to finish deliverables on time
- Bad communication between team members
- Lack of motivation for working on a project
- Lack of knowledge in technologies
- Team member leaves the project
- Final product doesnt meet the requirements
- Scope Creep
- Burglary of materials, licensed innovation or hardware
- Cyber breach
- Insufficient client testing prompts huge post-go-live tangle list
- Postponement in prior project stages risks capacity to meet fixed date.
- Uncertain project clashes not raised in an opportune way
- Hardware Delivery delays due to current Pandemic
- Team member/s contracts Covid-19
- Leak of Application source codes to competitors
- Unanticipated price increases
- Currency fluctuations
- Delays in receiving materials
- Power black outs
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