MGT8077 Project Risk Management Assignment

MGT8077 Project Risk Management Assignment

MGT8077 Project Risk Management Assignment

Environment of the Project

In order to facilitate the customers mobile is launched with some attractive features such as front flash which help the mobile users to take pictures with the use of front camera even in the night. Storage of the mobile that we provided is 32 GB. As earlier customers have to buy another memory card to save the files. But now by this excellent storage space customers can store his important files, photos, videos, documents easily.

There are some major problems identified faced by the mobile users which need to be resolved in the new mobile so that buyers make purchases easily.

They make implementation of various policies and strategies for the betterment of the business organisations and by following these they become capable enough in order to minimise the effect of risks. By implementing the adequate policies and procedures management renders adequate measures in order to minimise the impact of risk over the different process and build effective integration.

MGT8077 Project Risk Management Assignment

Risk Identification

Risk can be identified from the various sources such as through competitors, customer complaints or from the available problems itself. Risk sources make inclusion of project stakeholders, their employees, marketing experts and others that are indulge into processing activities. There are various kinds of risks available such as losing customers, increase in the number of unsatisfied customers, etc. after the production of products.

These are the effective methods which get utilised by the risk management in order to identify the available risks and further make analysis over them in order to find out possible solutions. Management identify the various possible risks with the use of these methods and get aware in order to improve their product (Ahluwalia, 2015).

There are few more risk shared by the customers such as hanging problem, battery drain out, sound quality and camera quality due to which they change their mobile brand in the search of better mobile within their budgeted limit. As per their analysis it can be analysed that most of the mobile users store various applications and use them frequently. Due to excessive storage of unnecessary application put burden over the processing system which leads towards hanging and heat-up process as many of the application also functions in background.