PROJ 420 Week 5 Course Project Assignment: Risk Register - Table is Detailed

Project Owners: PROJ 420 Risk Management Project X Risk Register Risk # Description Probability Score Impact Score PI Score Impact Type Planned Response Expected Impact of Response Descripti ...

Project Owners: PROJ 420 Risk Management Project X Risk Register Risk # Description Probability Score Impact Score PI Score Impact Type Planned Response Expected Impact of Response Description of the risk Indicate the probability score for each identified risk Indicate the impact score for each identified risk Probability multiplied by Impact Indicate the impact type Negative or Positive What are the action to be taken should the risk take place What do you expect will result from the response 1 IT/Network Problems 0.7 0.2 0.14 Negative We will contact our point of contact person within the IT department. We will report the issue and any additional information which may be useful for the IT team to provide us with a solution. Our expectations are that the IT department will provide a solution within 24 hours. We expect the issues to be resolved and our an escalation report to be generated. In addition, we expect the IT department to keep us in the loop regarding the status of the tiket or pending issue/error. 2 Cyber Security 0.9 0.8 0.72 Negative First and foremost, we will need to identify the data that was accessed. Second, we will ensure the IT department assist in resetting all passwords and enhance security methods. Next, we will need to contact the affected individuals and report our findings. Lastly, determine if our customer need some type of compensation such a credit monitoring. By taking immediate action in the event of a data or cyber breach, we expect our customers to feel secure. We want our customers to know that we care about their security and feel comfortable that we will assist them to the best of our ability. Lastly, we would like to ensure in any possible way that our customers know that we value their business and attempt to ensure we retain customers’ business. 3 Suppliers & Vendor 0.5 0.2 0.1 Positive Should the risk take place, we will ensure that we continue to enrich the relationship with our suppliers and vendor. We will continue to find ways to always show improvement. We expect our supplier and vendor to be happy with our contract and desire to continue our relationships. We hope to have long lasting relationships with each of them. 4 System Specifications 0.3 0.1 0.03 Negative Equipment redundancy into I.T. infrastructure, have sound cyber security practices. Have technicians readily available at time of system outages. Have well built up registers and back up facilities at time of system failures. Revaluating system checks on timed intervals, switch service providers as well as technicians if necessary, POS equipments readily available at time of system failures. 5 Resourcing 0.9 0.1 0.63 Positive Ensure all bids for equipment is done on as soon as possible to insure early deliver. Vendors will ship items early. 6 Regulatory 0.5 0.8 0.4 Negative Have the attorney to check all necessary documents as well as rules and regulation for our business to work successfully without any problem. Have all the regulatory documents prepared, checked and signed at least once a week prior to making any new business change. 7 Installation/Assembly 0.3 0.2 0.06 Positive Ensure all equipment is available before it is need. Early completion of project. 8 Software Purchase 0.1 0.2 0.02 Positive Ensure that the software is compatible and large enough to handle our needs. We can route our data from up backup equipments so that we can ensure our softwares are safe. Have cyber security available so that our softwares does not get hacked. Create a backup plan before the outage occurs. Find out what the process would be for a software malfunction and implement into the project.Have cyber security personnel available to help anytime. 9 Client/Customer Stability 0.5 0.4 0.2 Negative Verify that the initial mapped design clearly defines the flow of space for customers to wait, order, and pick-up their orders. This will allow customers to not be confused at time of customer overflow and bring stability and liking for our cafe. Re-evaluate marketing campaigns so as to focus on what customer group we want to particularly focus on as well as rush hours can be predicted, decor to provide ample space during rush hours, pricing, ambient music. Designate an employee to direct the flow of customer and bring stability in house 10 Operations Management 0.7 0.8 0.56 Positive Ensure all management as all training available before open date. Can ensure no problems at the beginning of project.