The document outlines a risk response plan for an e-learning software project. It identifies 7 key risks like late commencement, poor skills, and excess costs. For each risk, it describes the risk impact and proposed responses. These include holding more frequent meetings, acquiring tutorials to improve skills, ensuring adherence to quality standards, and closely tracking schedules and activities to deliver the project on time and on budget. The goal is to deliver a high quality e-learning software that meets requirements.

1. GOME E-LEARNING SOFTWARE<br />Risk Response Plan (Response to Risk Analysis).<br />PROJECT NAME: - RISK RESPONSE TO THE RISK ANALYSIS<br />PREPARED BY: - OWORU GBEMISOLA & IROEGBU BERTRAND<br />DATE: - 29TH MARCH, 2010<br />RISK RESPONSE OUTLINE<br />Risk Identification: <br />Assign Risk ID#, categorize the risk (scope, schedule, budget, project linkages, human resources, executive support, business/ organizational impact, technology, vendor, or other) and Describe the risk. <br />Risk Impact:<br />Describe the impact of the risk event on project objectives.<br />Risk Response:<br />Determine options and actions to reduce the likelihood or consequences of risk impact on the project's objectives. <br />Describe actions to be taken to mitigate the risk, and the action to be taken when this risk event occurs (contingency plan). <br />Assign responsibilities for each agreed response. <br />Risk Response Tracking: <br />Keep required documents stating necessary conclusions.<br />Risk Response Plan<br />Risk ID #Risk CategoryRisk DescriptionRisk ImpactRisk ResponseRisk Response Tracking01SCHEDULEOUR PROJECT HAS A LATE COMMENCEMENT DATE AS AGAINST THE APPOINTED COMMENCEMENT TIME. THIS IS AS A RESULT OF DISAGREEMENT REGARDING ASSIGNED TASKS AND WHO IT WAS ASSIGNED TO.THIS WILL DELAY THE PROJECT DUE TO LATE COMMENCEMENT, WHICH WILL AFFECT EXECUTION AND COMPLETION OF THE PROJECT.WE HAVE TO START HOLDING DOUBLE OF OUR INTIAL MEETING. THIS WILL RESULT IN MEETING 4 TIMES A WEEK.LESS ARGUMENTS AT MEETINGS AND FOCUS ON SUCCESS RATHER THAN WHO CONTRIBUTED MOST TO THE PROJECTKEEPING MINUTES OF THE MEETING--- BERTRANDASSIGNING TASKS AT MEETINGS--- GBEMIENSURING PRODUCTIVE DISCUSSIONS AT MEETINGS---- IDRISENSURINGS TASKS ARE CARRIED OUT ACCORDINGLY------MAIGIDA02QUALITYPOOR SKILLS OF TEAM MEMBERS IS LIKELY GOING TO RESULT IN A POORLY DEVELOPED SOFTWARE AS MEMBERS ARE GOING TO CREATE ONLY WHAT THEY HAVE KNOWLEDGE OF.THE PRODUCT (PROJECT DELIVERABLE) IS LIKELY GOING TO BE REJECTED BOTH IN THE MARKET AND SCORE US LOW MARKS IN OUR CMT 3342 MODULE.ACQUIRE A LOT OF TUTORIALS TO DEVELOP OUR SKILLS AND SERVE AS GUIDELINES.USE KNOWLEDGE ACQUIRED FROM RESEARCH ON OTHER E-LEARNING SOFTWARES.COMPARISON DOCUMENT. (MEASURING OUR PROJECT STANDARD TO EXISTING PRODUCTS OF THE SAME CATEGORY).ADHERENCE TO QUALITY ASSURANCE DOCCUMENT.03SCHEDULELATE COMPLETION OF THE PROJECT.DISAPPOINTMENT OF CUSTOMERS AND REJECTION OF PROJECT BY THE STUDENT’S OFFICE.DOUBLE OUR DEDICATED TIME FOR THE PROJECT.INCREASE ZEAL, FOCUS AND DEDICATION TOWARDS THE PROJECT.MEETINGS LOG REFLECTING DOUBLE RECORDS OF PREVIOUS ACTIVITIES.DOUBLE CHECKING ONE ANOTHER TO ENSURE CONTRIBUTION OF DOUBLE EFFORTS.04RISK ID #BUDGET Risk Category.UN-NECESSARY EXPENSES.Risk DescriptionEXCESS FUNDS SPENT WITH NO HOPE OF RETURNS.Risk ImpactMARKET SURVEY BEFORE PURCHASE.Risk ResponseEVIDENCE OF MARKET SURVEYRisk Response Tracking.05BUDGETEXCESS OVER HEAD COST DUE TO AMOUNT NEEDED TO CATER FOR REPAIR AND MAINTENANCE OF PRODUCT AGAINST CUSTOMER COMPLAINTS.FURTHER LOSS OF FUNDS AND CREDIBILITY. THIS COULD ALSO RESULT IN A DISSAPOINTING RESULT FOR US.ENSURE THAT WE WORK ACCORDING TO OUR NEWLY DEFINED QUALITY STANDARDS.WORK ACCORDING TO OUR RISK RESPONSE PLAN.KEEP AN UPDATED QUALITY MANAGEMENT PLAN AND MAKE SURE TASKS ARE CARRIED OUT ACCORDING TO STANDARDS AND PLAN.06QUALITYPRODUCT REJECTION BY CUSTOMERS DUE TO BEING SUB-STANDARD WHEN COMPARED TO EXISTING PRODUCTS IN THE MARKET.A FAILED PROJECT, FAILURE IN THE MODULE AND A POSSIBLE RE-SEATENSURE PRODUCT IS BUILT ACCORDING TO MODULE REQUIREMENTS AND QUALITY STANDARD RECOMMENDATIONSQUALITY SATISFACTION DOCUMENT.MODULE SATISFACTION DOCUMENT.OVER-ALL REQUIREMENTS SATISFACTION.07OVER-ALL PROJECTACADEMIC, MORAL AND FINANCIAL LOSS.A RESEAT, WASTE OF TIME, ENERGY AND CAPITAL.RE-STRUCTURE REMAINING TIME TO MEET REQUIRED AND REMAINING WORK.DOCUMENT-TRACKING OF ACTIVITIES.RISK ANALYSIS DOCUMENT.TIME SCHEDULE MANAGING REMAINING TIME WITH WORK TO BE DONE.100% EFFORT AND DOCUMENTED EVIDENCE OF IT.<br />WITH THIS APPROCH, WE EXPECT TO DELIVER A STANDARD E-LEARNING SOFTWARE AND WITHIN THE STIPULATED TIME.<br />