Risk management plan The table below is the risk management plan lists the possible risks in the project, what it might happen and how to reduce the impact of the risks. RISK THE RISK WHAT SOURCE HOW IMPACT TREATMENT EFFECTIVENESS LIKELIHOOD CONSEQUENCE CURRENT ACCEPTABLE / CAN HAPPEN? CAN THIS FROM EVENT STRATEGIES OF CURRENT RISK UNACCEPTABLE HAPPEN? HAPPENING TREATMENT RATING 1 Development The open IDE is Change to A marginally Unlikely Minor L Acceptable tool is no source IDEs subjected another free effective longer decided to to change IDE and apply control available be paid or pay for student discount if available 2 Changes in Team Less people Change the An Possible Major H Acceptable development member in the team development inadequate team failed Project techniques to effective 1 meet the control schedule 3 More features Client Project Discuss with A marginally Possible Major M Acceptable to be added requires delays or supervisor effective more low quality control features 4 Team Project Weekly A marginally Possible Minor H Unacceptable in team member does not meetings and effective meet client updates in control the team project
Risk management plan The table below is the risk management plan lists the possible risks in the project, what it might happen and how to reduce the impact of the risks. RISK THE RISK WHAT CAN HAPPEN? SOURCE HOW CAN THIS HAPPEN? IMPACT FROM EVENT HAPPENING TREATMENT STRATEGIES EFFECTIVENESS OF CURRENT TREATMENT LIKELIHOOD CONSEQUENCE CURRENT RISK RATING ACCEPTABLE / UNACCEPTABLE 1 Development tool is no longer available The open source IDEs decided to be paid IDE is subjected to change or pay Change to another free IDE and apply for student discount if available A marginally effective control Unlikely Minor L Acceptable 2 Changes in development team Team member failed Project 1 Less people in the team Change the development techniques to meet the schedule An inadequate effective control Possible Major H Acceptable 3 More features to be added Client requires more features Project delays or low quality Discuss with supervisor A marginally effective control Possible Major M Acceptable 4 in team Team member the project Project does not meet client Weekly meetings and updates in team A marginally effective control Possible Minor H Unacceptable
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