Risk Management Notes Website Development Summary The context of this plan is the development of a new website. Existing risk controls The Native Bush Spices Risk Management Policy and Procedures set out the company's best practice risk management standards. Risks identified Identify at least three (3) potential risks. For each state at what stage of the project's life cycle they would be encountered, and how it could be considered an opportunity. Risk examples: Budget overrun Project conflicts not resolved in a timely manner Unplanned work that must be accommodated Lack of communication causing lack of clarity and confusion Employee resigns unexpectedly Perfectionism Underestimate the work involved Delay in getting material to a web designer Technical issue when go live Unclear brief Example: Risk: A shortage of critical skills within the company's workforce; the expertise to go from the current situation to managing three retail stores. Life-cycle stage: Project execution. Opportunity: New ideas and skills will be brought into the business