Question: This week, we will focus on the identified risks process. This discussion will help you understand how the risk register is created. Review the example

This week, we will focus on the identified risks process. This discussion will help you understand how the risk register is created.

Review the example on the Getta Byte - New Billing System Project ScheduleLinks to an external site. Open this document with ReadSpeaker docReader presented in the Week 4 Lesson. Select one of the project tasks (i.e., task name), identify the risk you might encounter in the execution of the task, and describe the root cause of the risk and the risk impact on the project objectives (i.e., cost, schedule, quality.). Examples are listed below.

Task WBS index: 1.4.3
Task Name: Transfer data
Risk Identified: Network capacity
Risk Root Cause Description: Failure during uploads due to low bandwidth
Risk Impact: Project delays and budget overrun
Risk Owner: Network services

This week, we will focus on the identified risks process. This discussion

The Getta Byte - New Billing System - Project Schedule ID WBS Index Task Name Duration Start Finish Predecessors 1 NEW BILLING SYSTEM 140 1/6/2025 7/25/2025 1.1 Finalize Requirements 10 1/6/2025 1/17/2025 2 1.1.1 Gather requirements from users 5 1/6/2025 1/10/2025 1.1.2 Gather requirements from Customers 5 1/13/2025 1/17/2025 1.2 Purchase Software 35 1/20/2025 3/11/2025 5 1.2.1 Select Vendor 20 1/20/2025 2/18/2025 1.2.2 Negotiate Contract 10 2/19/2025 3/4/2025 7 1.2.3 Execute Purchase 5 3/5/2025 3/11/2025 1.3 Customize Software 45 3/12/2025 5/13/2025 1.3.1 Define features 10 3/12/2025 3/25/2025 10 1.3.2 Set up test environment 5 3/26/2025 4/1/2025 11 1.3.3 Develop Customization 20 4/2/2025 4/29/2025 10 12 1.3.4 Test Customization 10 4/30/2025 5/13/2025 11 13 1.4 Transfer data to the Cloud 15 5/14/2025 6/4/2025 14 1.4.1 Validate data 5 5/14/2025 5/20/2025 12 15 1.4.2 Map fields 5 5/21/2025 5/28/2025 14 16 1.4.3 Transfer data 5 5/29/2025 6/4/2025 15 17 1.5 Train Personnel 30 6/5/2025 7/18/2025 18 1.5.1 Develop training with vendor 10 6/5/2025 6/18/2025 16 19 1.5.2 Schedule training for CSRs 10 6/19/2025 7/3/2025 18 20 1.5.3 Conduct training 10 7/4/2025 7/18/2025 19 21 1.6 Go-Live 5 7/21/2025 7/25/2025 22 1.6.1 Release system to production 5 7/21/2025 7/25/2025 20

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7. What is the extent (percentage) of errors detected in the information collected?

8. What are the costs of collecting the information?

6. How great is the time-lag between when an event occurs until we get information about it?