Risk Likely Impact How to Minimize Current Status Action Items Resp. Person Hood Information M H Critically Still need to Search for Student received from analyze the receive quotes competitors and Team, PM, contractors and information in from supplier or get multiple bids Mentor suppliers is not the estimate contractors to compare accurate and compare with other quotes Activities on the M M Weekly status Have all Stay on top of each Student schedule take meetings will be scheduled items task, format and Team and longer than used to update completed within add to final PM expected the team on allotted time to deliverable binder progress of allow for as it is finished activities, if a consultation and critical item may final editing potentially go over the deadline, allocate task to ensure schedule completion Information is M H Determine the Each project will Continue analyzing PM, Student not received in likely availability be chosen feasibility of Team, Schedule time for activity of information carefully opportunities and Mentor to be completed with the considering try to select champion and availability of actions which have potentially limit information. enough available scope or pursue Dan is aware that information another due to time opportunity constraints, competing bids may not be obtained for capital projects
Risk Likely Hood Impact How to Minimize Current Status Action Items Resp. Person Information received from contractors and suppliers is not accurate M H Critically analyze the information in the estimate and compare with other quotes Still need to receive quotes from supplier or contractors Search for competitors and get multiple bids to compare Student Team, PM, Mentor Schedule Activities on the schedule take longer than expected M M Weekly status meetings will be used to update the team on progress of activities, if a critical item may potentially go over the deadline, task to ensure schedule completion Have all scheduled items completed within allotted time to allow for consultation and final editing Stay on top of each task, format and add to final deliverable binder as it is finished Student Team and PM Information is not received in time for activity to be completed M H Determine the likely availability of information with the champion and potentially limit scope or pursue another opportunity Each project will be chosen carefully considering availability of information. Dan is aware that due to time constraints, competing bids may not be obtained for capital projects Continue analyzing feasibility of opportunities and try to select actions which have enough available information PM, Student Team, Mentor allocate
First%20Project%20Deliverable%20for%20Client.docx