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Wilmont Pharmacy Drone Risk Assessment

This document outlines the risks associated with the Wilmont's Pharmacy Drone project. It identifies 7 key risks including delays in project approval, prototype design and construction, testing failures, and incorrect cost estimates. Each risk is assigned a priority level and risk rating based on likelihood and impact. Mitigation strategies are proposed such as frequent project meetings, consulting specialists, adding staff, and double checking schedules and costs. Contingency plans and current status are also included.

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Leo Doe
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7 views7 pages

Wilmont Pharmacy Drone Risk Assessment

This document outlines the risks associated with the Wilmont's Pharmacy Drone project. It identifies 7 key risks including delays in project approval, prototype design and construction, testing failures, and incorrect cost estimates. Each risk is assigned a priority level and risk rating based on likelihood and impact. Mitigation strategies are proposed such as frequent project meetings, consulting specialists, adding staff, and double checking schedules and costs. Contingency plans and current status are also included.

Uploaded by

Leo Doe
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Project Name Wilmont's Pharmacy Drone

Document Revision Number 2


Date October 1st, 2020

Risk Id Priority WBS

1 1 1.1

2 1 1.2

3 2 1.3

4 2 1.4

5 2 1.5

6 2 1.6

7 1 1.7
Impact Rating Scale
5 Very High
4 High
3 Moderate
2 Low
1 Very Low

Likelihood Rating Scale


5 Nearly Certain
4 Likely
3 Possible
2 Unlikely
1 Rare
Dates

Responsible Person Risk Description Open Closed

Project Design not


Jordon Kempler 10-May
approved on time

Project Prototype
William Holt Design not completed 2-Aug
on time

Construction of
Ashish Nehra 1-Sep
Prototype Is delayed

Prototype
Shravani Sinha Troubleshooting and 4-Oct
Testing Failed

Failure to complete
Rohan Shah Prototype and Test 5-Nov
Flight

Delay in
Commencement of
Gerald Hasper 30-Nov
Service (First Flight
Delivery)

Incorrect Project Cost


Lionel Fullerton 5-Jan
Estimate

Description
Cost Schedule Scope
>$100,000 >4 weeks delay
<$90,000 >2 weeks delay
<$50,000 >1 weeks delay
<$30,000 <1 week delay
<$10,000 1 day delay

Description
>80% Probability of occurring
50-80% chance of occurring
21-49% chance of occurring
1-20% chance of occurring
<1% chance of occurring
Analysis Impact

Likelihood Prior to
Impact Rating Severity After Mitigation
Rating Mitigation

5 2 10

4 3 12

3 3 9

4 3 12

4 3 12

3 3 9

5 3 15 >4 weeks delay <1 week delay


Quality
Drone Prototype will not operate
Drone Prototype will not meet specs
Drone Prototype Performance is reduced
Some compensation is required
May require correction
Mitigation Strategy Contingency Status

Conduct frequent Project meetings with Upper


Management, Managers, Engineers and
Stakeholders to finalize Project Design

Consult with other Design Specialists to establish


a Feasible Design

Add other Specialist and workers to the


Construction Team

Conduct multiple tests, run additional


programmes and algorithms to finalize Prototype
Drone Testing

Add additional staff on construction team,


monitor technical performance

Check Project Schedule and ensure works will be


completed on time, do schedule analysis

Double check Project Cost Estimate, do cost


$50,000
analysis

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