Risk management, Risk Management

Several issues have arisen on the Kauri Café Project. Four months have passed since the project started. ABC Co. are complaining about not being paid appropriately you initially thought you would only need a small amount of customization of the outsourced software, but now the supplier says the customization will cost another $50,000 over their initial budget. The existing POS software is not compatible and new hardware and software is necessary or you could try to create an extension to the existing system that will allow the two systems to communicate.  The POS is windows based and the interface with the order data from the iPad devices is not as feasible as first thought.  Brian went to senior management (without telling you), and suggested purchasing much cheaper Android based tablet devices. Your two information technology specialists, Jet and Lena, came and told you that they both feel that they are being underutilized on the project. As project manager, you have been getting short, weekly status reports from all of your team members, but many of them did not address challenges people are obviously facing.  
You can see that several problems have been occurring on the Kauri Cafe Project. You have decided to be more proactive in managing risks. You also want to address positive and negative risks.

Posted Date: 3/6/2013 4:21:14 AM | Location : United States

Related Discussions:- Risk management, Assignment Help, Ask Question on Risk management, Get Answer, Expert's Help, Risk management Discussions

Write discussion on Risk management
Your posts are moderated
Related Questions
AUsing the same situation from SLP 3, recall that you are deciding ... You have heard of an Expert who has a “track record” of high confidence in ... You are now considering whethe

Risk is inherent in business and hence there is no escape from the risk for a businessman. However, he may face this problem with greater confidence if he adopts a scientific appro

evaluate the importance of leverage in financial management of a small company

Suppose you are running an international business and are concerned about converting foreign currencies (the Euro in particular) back into U.S. dollars in September. A) What po

how to survie in this highly complicated world

The Investment Committee of UoM has suggested that it may be time to take some "insurance" on the U.S. equity portfolio, given "rich valuations" in the U.S. Equity markets. As t

There are 5 primary steps in assessing risk in the workplace wrt to H&S, identify 3 and discuss the what actions should be taken to manage or negate the risks posed - The sect

On September 25,2008 a portfolio worth $10 million consisting of investments in four stock indices: DJIA, FTSE 100, CAC 40 and NIKKEI 225. The value of the investment in each index

(a) Risk has always been an intrinsic part of project management. With increasing market competition, technology, and globalisation, risk management is continuously gaining wider

QUESTION 1 A. Answer all of the following (a) What is risk appetite? (b) List any two risk responses (c) What does ITIL stand for? (d) What is a business case? (