|Person Specification||Number of people required||Cost per person||Total Cost ($)|
|All figures are in $||Jul-17||Aug-17||Sep-17||Oct-17||Nov-17||Dec-17||Jan-18||Feb-18||Mar-18||Apr-18||May-18||Jun-18||Jul-18||Aug-18||Sep-18|
|Revenues from Bridge||1000||1000|
|Bids for Procurement||200|
|Construction equipment hire||3000|
|Testing and Improvement||500||500|
|Total Cash Outflow||0||3500||4700||1500||1500||1500||1500||1500||1500||1500||500||800||0||Total||20000|
|Risk||Description||Impact||Probability of Occurrence||Mitigation Strategy|
|Financial Risk||Risk of the project being over budget||Medium||High||Adequate budgeting and estimation of resource requirements and costs is necessary to mitigate this risk|
|Technical Risk||Failure of technologies used for construction purposes, which can hinder construction and also imposes safety concerns for employees||Low||Impact||Adequate and timely checking of all equipment and machinery used and use of precautionary measures|
|Planning Risk||Inadequate planning of the project results into planning risk because inadequate planning leads to errors in resource requirements etc.||Low||Medium||Brainstorming sessions among the team members must be carried out to ensure that all aspects of planning are taken care of|
|Legal Risks||The project needs to comply with legal requirements as defined for construction companies in Australia and hence non-compliance can lead to legal risks||Low||High||The project manager must hire a legal expert to guide on the legal aspects of the project to ensure that this risk does not occur|
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