Table of Contents
Risk Identification and Impact Assessment
Risk management reporting.
The case study of myki Project, provided states an effective fare collection method that will revolutionise the public transport system. The incorporation of smart card technology will be used for fare collection from commuters, which will make the entire process simple and fast. The Victoria’s Government 2002 Linking Victoria Policy showed commitment towards smartcard46 ticketing system implementation that will replace the Metcard ticketing system. Transport Ticketing Authority is responsible for the replacement of the current ticketing system into a smart technology. ‘myki’ is nothing but a vendor which was appointed to roll out the new ticketing system so that it becomes operational in 2007. In this report, Risk management of this IT project would be analysed thoroughly. Risk management is the process of identifying, assessing and managing any potential or upcoming threats that might act as liability in future.
Risk identification is the process which allows the professionals to identify present risks while the part of risk assessment is that where the gathered data states that how those risks are a threat to the relevant project or idea. There are various tools and techniques that are used to identify and assess and identify risks. The possible risks for the myki project are listed below.
Project Management Institute. (2004). A guide to the project management body of knowledge (PMBOK guide). Newtown Square, Pa: Project Management Institute
Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Management Assignment Help
Proofreading and Editing$9.00Per Page
Consultation with Expert$35.00Per Hour
Live Session 1-on-1$40.00Per 30 min.
Doing your Assignment with our resources is simple, take Expert assistance to ensure HD Grades. Here you Go....