• Develop a risk response strategy and a contingency plan for each of the project risks identified. Number your responses as 1, 2, and 3.

Scenario

You are the project manager for the implementation of a purchased accounting software system that must be installed within 6 months, although no company has ever installed it in less than one year. The implementation will include configuring the new system, developing reports and interfaces to existing systems, converting your existing data, thoroughly testing the system, as well as developing and delivering training to 400 employees.

1. There may be an insufficient number of internal resources to staff the required positions resulting in a schedule delay.
2. The quality of the system may not be acceptable to the end users of the system resulting in re-work and a schedule delay.
3. The budget for the project may not be sufficient resulting in the project going over budget or having to reduce project scope.