Project manager

Project Team

CEO, project Manager and staff from the various company departments.

Support resources

Staff from outsourced company to produce the prototype boards.

Start

Finish

Preliminary analysis

3/1/2017

3/3/2017

System development

5/3/2017

1/5/2017

Integration and testing

11/5//2017

3/10/2017

Deployment

10/10/2017

20/12/2017

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·         Project costs exceeds the estimated budget.

·         Change in the foreign exchange rates can lead to increased project costs.

·         Changes in inflation levels can lead to increase in material costs.

·         Introduction of new government regulations such as taxation can impact negatively.

·         Occurrence of an economic crisis such as great financial crisis can affect the cost of the project.

Cost Related Risks

·         Budget cuts by sponsors and donors delay project plans.

·         Delays in disbursements of funds by sponsors can interrupt the implementation of the project.

·         Increase in the cost incurred in hiring experts to help in the implementation of the project.

·         Increased costs due to defective products.

·         Increased costs due delays in delivery of the product.

·         Increased bank charges to acquire additional funding, such as interest rates and transactions costs.

·         Increased wage levels in the market.

·         Increase in rent of the company premises.

·         Lawsuits for damages caused in the course of the e project increases the costs.

·         High marketing and promotion costs.

·         Failure by top management to offer support for the project.

·         Top executive with minimal experience to handle the project.

·         Poor communication between the management and staff.

·         Conflicts arising between the stakeholders and management.

·         A key top level management exiting the company when the project is underway.

·         Misappropriation of funds by the management.

·         Conflicts among the top level managements.

Management Risks

·         Limitations of scope.

·         Bureaucracy by the management leading to delays in implementation of the project.

·         Introduction of new procedures by management that reduces the project team motivation.

·         Delays by management to hire and replace exiting staff members.

·         Failure by management to set achievable targets.

·         Failure by top management to observe due diligence when choosing the project team.

·         Poaching of an important manager by a competitor.

·         Poor corporate governance.

·         Low staff turnover.

·         Staff with inadequate skills to handle the project.

·         Lack of dedication towards the project by the staff.

·         Poor allocation of time and work schedules.

·         Failure by staff to clearly understand their role in the project.

·         Poor wages and salaries may affect morale of the staff.

·         Unbearable working conditions for the staff may delay implementation of the project.

Customer and Project Team

·         Theft by the staff.

Related Risks

·         Layoffs and retrenchment of staff by the company.

·         Conflicts among the employees.

·         Departure or resignation of a key employee

·         Poor employee-customer relationship.

·         Project team members injuries in the course of the project.

·         Failure by the staff to meet their assigned targets.

·         Failure of project members to be kept up to date.

·         Lack of consultation with project members when implementing the project.

·         Introduction of new labor laws.

·         Poor customer response towards the product.

·         Failure by customers to participate in product reviews.

·         Inadequate technical proficiency by the customer in using the product.

Customer Related Risks

·         Customer stipulates on new product requirements.

·         Customer preference towards the competitor’s goods.

·         Poor communication and feedback by the customer.

·         Failure to meet customer needs.

·         Bad review of the product by customers.

·         Customer attitude towards the product.

·         Poor software project management tool.

·         Development tools are not available at their desired time.

·         Development tools malfunction.

·         Development tools do not work to their expected capacity.

·         In ability to acquire adequate resources for development of the project.

·         User resistance during the development stages.

Development Risk

·         Poor design and analysis tools to support development.

·         Lack of compliers and code generators for the product to be created.

·         Inadequate testing tools for creation of the product.

·         Lack of software configuration management tools.

·         Poor integration of software components.

·         Lack of professional experts to help in development.

·         Inadequate documentation tools during development.

·         Use of outdated methods for software analysis.

·         Lack of clearly outlined methods for data and architectural designs.

·         Use of complex coding language.

·         Unclear test case design methods.

·         Lack of software tools that help in software planning and tracking activities.

Technical Risk

·         Use of complicated tools to design software prototypes.

·         Collection of low quality metrics for project software.

·         Technical facilities are not accessible to support the project.

·         Facilities may also be available but are limited, poor network connections.

·         Facilities are noisy or disruptive.

·         Poor technical training of project team to handle the project.

·         Increased network downtimes.

·         Technological security vulnerability, such as viruses.

·         Technological mechanisms are not suitable for the role.

·         Technological mechanisms are inaccessible.

·         Technological failure to have standard interfaces.

Technology Risk

·         Technology mechanisms do not adhere to the required standards.

·         Frequent crashing of the technology components.

·         Unreliable technology mechanisms.

·         The technology adapted is not compatible,

·         Loopholes in the technology components that may lead to leak of crucial project information.

·         Failure of legacy components to have documentation.

·         System malfunctioning and outages.

·         Technology mechanisms that are difficult to run and maintain.

·         Adaptation of technological mechanisms that are not user friendly.

·         Technical hitches with project management tools.

·         Delays by stakeholders in making approvals.

·         Financial constraints by stakeholders.

·         Hostile takeover of the company leading to halt of the project.

·         Conflicts among stakeholders.

·         Lack of optimism on the success of the project by stakeholders.

·         Stakeholders refusal to approval major changes in the project.

Shareholder Risk

·         Failure by stakeholders to follow up and interact with the management in the course of the project.

·         Unrealistic expectations by the stakeholders.

·         Low turnover by the stakeholders.

·         Conflict of interest by stakeholders.

·         Poor decision making by stakeholders.

·         Shareholders change in the target date for completion of the project with no consequent change in the allocated resources.

·         Failure to come up with a reasonable contract price.

·         Vendor delivers components that are different from what they are assigned.

·         Undesirable contract terms.

·         Conflict and misunderstandings with the vendor.

·         Vendor fails to delivers substandard product.

·         Vendor gives rise to third party liability, such as infringement of copyrights and patents.

Procurement Related Risk

·         Breach of contract by the vendor.

·         Communication barriers and lack of cooperation by the vendor.

·         High shipment costs by the vendor.

·         Delivery of spoiled/ broken down product from the vendor.

·         Failure by the vendor to adhere to the required ethical standards.

·         Red tape in the company’s procurement processes leading to delays.

·         Delays in recruitment of procurement personnel.

·         Irregularities by procurement personnel.

·         Poor adaptation of new procurement procedures leading to delays.

·         Political instability

·         Natural calamities, such as floods and hurricanes.

·         Change in regulations and laws in the industry that the company operates in.

·         The social –cultural and religious beliefs of the targeted market.

External Risks

·         Occurrence of war.

·         Change of government that is supportive to the private sector.

·         Trade restrictions.

·         Existence of counterfeit products that resemble the company’s product.

·         Deportation of immigrants by the government, may affect the company staff.

·         Failure to adhere to the project methodology

·         Lack of control of the project.

·         Mistakes in major project management procedures.

·         Lack of proper oversight in project management.

·         Failure to follow the project schedule.

Project Management Risks

·         Poor project planning.

·         Project schedules omit crucial tasks.

·         Allocation of small time for different project phases.

·         Delay in completion of the project.

·         Abandonment of the project midway resulting in inefficient products.

·         Poor quality customer services.

·         Low quality production methods.

·         Poor quality resources.

Quality Related Risks

·         Unappealing packaging.

·         Poor advertising of the product.

·         Increased numbers of warranties.

·         Poor public perception of the company.

·         Late delivery of project material by suppliers.

·         Late delivery of the prototype by the vendor.

·         Delays of customer payments.

·         Breakdown of equipment leading to delays in the project.

·         Delayed implementation of various project phases.

Schedule Risks

·         Bureaucracy in issuance of government permits and licenses.

·         Slow responses from the various company departments.

·         Slow responses from donors and financial institutions.

·         Failure/ delay of key debtors to pay their debts.

·         Delivering of wrong quotations/ shipments from suppliers leading to delays in the project.

·         Poor demand of the product in the market.

·         Fluctuating market prices for the product.

·         The product negatively affects the company brand.

Business/ Commerce Risks

·         The product generate negative reaction from the public hence affecting its reputation.

·         Oversupply of the product in the market.

·         Failure of the product to increase sales of the company.

·         Existence of complementary/ substitute products from competitors.

·         Defective products in the market.

·         The project conflicts with the company’s culture.

·         Restructuring of the organizational management.

·         Merger/ acquisition of the company.

·         Involvement of the company in a major corruption scandal hence injuring its reputation.

Organizational Risks

·         Bankruptcy/ liquidation of the company will halt the project.

·         Collapse of the parent company may affect the project.

·         Change of company location to different country can halt the project.

·         Change in the company strategy and business model.

·         Poor and inefficient organizational structure.