RISK MANAGEMENT MATRIX

NAME   OBJECTIVE

PRE-MITIGATION POST-MITIGATION
DEPARTMENT / MITIGATIONS / WARNINGS /
REF / ID
RISK LOCATION REMEDIES RISK ACCEPTABLE
RISK RISK SEVERITY RISK LEVEL RISK SEVERITY RISK LEVEL
LIKELIHOOD LIKELIHOOD TO PROCEED?

– ACCEPTABLE – LOW – ACCEPTABLE – LOW

– IMPROBABLE – IMPROBABLE
– TOLERABLE – MEDIUM – TOLERABLE – MEDIUM
– POSSIBLE – POSSIBLE YES / NO
– UNDESIRABLE – HIGH – UNDESIRABLE – HIGH
– PROBABLE – PROBABLE
– INTOLERABLE – EXTREME – INTOLERABLE – EXTREME

It takes a lot of time for the members

to complete the work. The team leader
1 Lack of time ACCEPTABLE IMPROBABLE LOW Employees ACCEPTABLE IMPROBABLE LOW YES
needs to have a specific plan for each
phase to ensure progress.

Work very carefully.

Analyze the entire requirement, then
Employees+
2 Misunderstanding of requirements TOLERABLE IMPROBABLE HIGH divide it into sub-categories. TOLERABLE IMPROBABLE MEDIUM YES
Systems
Test thoroughly before delivery of the
final product.

Need to upgrade the system to the

maximum, in accordance with user
3 Slow processing speed ACCEPTABLE IMPROBABLE LOW Systems needs. ACCEPTABLE IMPROBABLE LOW YES
Expand memory, speed up
transmission.

Update Network speed

4 Network problem ACCEPTABLE  IMPROBABLE  LOW  Systems  ACCEPTABLE  IMPROBABLE LOW  YES 
Improved back-end code

Provide general opinions of all

5 Disagreements among members ACCEPTABLE  IMPROBABLE   LOW   Employees members. Leader analyzes the ACCEPTABLE    IMPROBABLE LOW   YES  
opinions and makes the final decision.
1. Lack of time
The project relegated to me this time is to make a learning the executives’ application for the whole company.
That application incorporates full usefulness for the two clients and directors. Plus, the application should be
utilitarian. With a short measure of season of around multi month making such an application is very
troublesome. On the off chance that we do not have the foggiest idea how to viably oversee time, mastermind
and separation the work, this undertaking cannot be finished. Each errand should be coordinated fittingly and
finished inside a specific time frame. From that point, it is feasible to finish the venture step by step and bring
great outcomes.

2. Misunderstanding of requirements
This undertaking is about an application that can deal with an immense number of clients, each with its own
one of a kind capacity. This requires everything about be amazingly exact. This is the second danger that I face.
Misconception the solicitation will have unanticipated outcomes. Furthermore, it will cause harm on the two
sides, the designer and the client. Thus, to limit hazard, it is important to work cautiously, examine the whole
necessity, then, and at that point partition it. Into sub-classifications, when the sub-area is finished
impeccably, the following stages will come. Rationale is a significant factor in deciding if the calculation works
appropriately or not. When the application is finished, it will likewise be tried altogether before conveyance of
the result. These ways can diminish misjudging or dispense with its prospects.

3. Slow processing spread

The third danger we face is moderate preparing spread. This is a far reaching project, so the quantity of
workers is huge and an enormous data set is required. Simultaneously, because of the extremely short
execution season of this venture, a few capacities can't be streamlined or the transmission speed is moderate,
which makes it's anything but quite a while for clients to get to information. Be that as it may, we can totally
improve the product in the following time frame contingent upon the preparation needs of the organization.

4. Network problem
Currently, in some locations, the internet transmission speed is very slow. This can directly affect the
completion of work for some members and may cause errors when transmitting information to the internet.
Therefore, the most necessary thing is to increase the internet speed through upgrading the network package
to ensure the quality of the assigned work.

5. Disagreements among members

Because there is little opportunity for joint activities, there are many disagreements among the members.
When members contribute ideas, many people will have many different ideas and argue and defend their
opinions. At that time, the leader needs to come up with solutions to reconcile the set, give the advantages
and disadvantages in each opinion and make the final decision for the members to implement.