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Internal sorces of risk (operational risks (how the business runs day to…
Internal sorces of risk
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technology risk
technology could break or have problems delaying the time spent on the project this could be prevented by having a backup plan/equiptment.
financial risk
not have the funds to buy the equiptment needed this could be solved by getting a business loan from the bank
not enough planning
didnt spend enough time on planning this can be prevented by wasting less time and use as much as possible to plan before going through with the project
instructions arent clear
instructions are to complicated staff dont understand it and could make mistakes, this could be prevented if each person was given there own individual task
not enough time given
the project isnt completed because they needed more time than they was given this could be resolved by hiring more people onto the team
not enough staff
not enough people to complete all tasks so tasks are left incomplete which would be prevented by hiring more or requesting more time from the client because of the situation
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not enough communication
staff dont know what each other are doing because there isnt enough talking going on between the group which could be prevented by having regular gatherings get them used to working together before the project starts
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External sources of risk
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legal risk
law could restrict what they are allowed to do for example coyright if they are using things from the internet
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market risk
possibility of an investor experiencing losses due to factors that will have an effect on the overall performance
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economic risk
could be bad for the economy you should consider this when planning the project and try find an alternative
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