Page 21 - IT Project Management Framework - Identification
P. 21
Example: Project Risks
The new system may not be compatible with the old CRM
The severe weather condition may slow down the progress
The holiday leave of CIO in Feb may affect decision making
The cost estimates may be inaccurate due to the fluctuation of exchange rate
Risk description should properly defined and it’s specific, clear and have no ambiguity.
“The new system may not be compatible with the old CRM.”
• This risk points out the possible problem clearly.
• Risks like this one helps decision makers determine the consequence and the severity of the risk.
• And if it’s decided that the project will be undertaken, the team can identify the strategies and
actions to resolve and mitigate the risk.
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