Identify and assess major and minor risks inherent in the
project.
1) Problem description
– Discuss the implications of cash-flow requirements for funding of project
– Discuss any management issue
– Identify and discuss trade-offs based on alternative project priorities (cost/schedule/performance)
2) Response to issue
– Decide on a response type.
– Create meaningful schedule/resource conflicts
– Discuss the implications of how the project was organized (project management structure)
– Develop a contingency plan for two to four identified risks.
– Estimate costs. (Develop realistic cost estimates)
3) What are the keys to successfully completing the project?
– How much reserve would your team estimate for the whole
project? Justify your choices and estimates.
– Discuss the development of a shared vision for the project (Stakeholder (social network) analysis)
– Introduce realism at every opportunity.
– Assign contingency reserves.
– Revised project estimates
– If appropriate, revise expected cost/schedule of activities not completed
(The Nike Metaverse Project is ongoing so I understand it may be hard to find exact information. In this case, please use what you know from current research as well as the files I have attached to answer the following questions. Your answer may also be hypothetical to a predicted risk or problem you may foresee in Nike’s Metaverse Project.
I have attached a project scope and research case study of Nike’s Metaverse project as well as a few slides on risk analysis as an example.
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