Describe the Delphi technique used to identify risks

Using the Delphi technique, your team constructed the following risks register for the VoIP project containing the risk, the likelihood of its occurrence on a scale of 1 (least likely) to 5 (most likely), and the potential negative impact on the project on the same scale. In addition, they recommended the appropriate response and identified its type for one of the risks identified.

#

Risk

Likelihood (1-5)

Impact (1-5)

Response Type

Response

1

Project Delay due to lack of resources

3

5

2

Project runs out of funds before completion

1

5

3

Users reject new system

2

4

4

Defective Hardware

1

5

5

New government regulations introduced during deployment increase the cost of running VoIP.

2

3

6

A Yearly Renewal Fee issued on the legacy system due to delay of over 30 days in deployment of the new system

1

4

Mitigation

Schedule check 30 days before project deadline to determine if action needs to be taken to avoid delay. Decision tree will be utilized.

Write a three to five (3-5) page paper in which you:

  1. Explain risk management and its associated activities and defend the need for a risk management plan.
  2. Describe the Delphi technique used to identify risks and infer n types of projects where this technique is most accurate.
  3. Examine the four (4) types of risk response (ie., avoidance, acceptance, transference, and mitigation) and determine the appropriate situation where each should be used.
  4. Complete the table with the risk response type (i.e.., avoidance, acceptance, transference, and mitigation) and a description of the response.
  5. Create a decision tree diagram with the software of your choice (Word, PowerPoint, Visio, etc.) and make an OFFICE document or PDF to address Risk Number 6.
  6.  Assume that when you check the schedule on day 60 of the project, it becomes evident that two additional engineers are needed to ensure on-time completion of the project. The engineers cost $25,000 each and a fee of $120,000 is issued by the legacy provider. The probability of completing the project on time is as follows: With the current personnel – 60%; With one engineer – 80%; With both engineers – 98%.
  7. Fully explain your rationale in the document you create. How does your decision tree flow? What are your decision points, and most importantly, what is your recommendation and how did you arrive at this conclusion? Is there a point of diminishing return where it would be so expensive that it wouldn’t be worth it to employ the additional resources? Why or why not? Be sure to use proper business communication and consider your audience to be business leaders in the organization at which you are employed. Remember, 100% original work is required. Research on the Internet is fine, but do not submit work that is not your own, and do not submit work that you’ve submitted anywhere previously. Plagiarism detection tools will be used to ensure originality.

Your assignment must follow thee formatting requirements:

  • Be typed, double-spaced, use Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA Style Guide (Edition 6).  Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
  • Include the decision three diagram created in your chosen software. The completed decision tree must be imported into the Word document before the paper is submitted.

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get ordering with idealtermpapers.com now! Contact our live support team for any assistance or inquiry.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Purchase Guarantee

Why ORDER at IdealTermPapers.com?

  • Educated and experienced writers.
  • Quality, Professionalism and experience.
  • Original Content writing.
  • Best customer support.
  • Affordable Pricing on orders.
  • Thorough research.
  • Ontime delivery of finished work.
  • 100% plagiarism free papers.

Reasonable Prices

  • To get the best quality papers isn’t cheap so don’t trust extremely low prices.
  • We can’t claim that we have unreasonably low prices because low prices equal to low quality.
  • Our prices are good and they balance with the quality of our work.
  • We have a Moneyback guarantee.

Original and Quality work

  • Our writers are professionals and they write your paper from scratch and we don’t encourage copy pasting.
  • All writers are assessed and they have to pass our standards for them to work with us.
  • Plagiarism is an offence and it’s never tolerated in our company.

Native Writers plus Researchers

  • Our writers are qualified and excellent and will guarantee the best performance in your order.
  • Our team has writers who have master's and PhD qualifications who can handle any assignment
  • We have the best standards in essay writing.

We have been in business for over 7 syears

  • We have always served our customers from all over the world and they have continued to order with us.
  • We value our customers since they have trusted us to do their assignments.
  • We are competent in our writing gained from experience over the years
  • Our company has 24/7 Live Support.

You will get

  •  Custom Admission Essay written by competent professional English writers.
  •  Free revisions according to our revision policy if required
  •  Paper format:  275 words per page, Times New Roman font and size 12, doublespaced text and1 inch margin
  •  On time delivery and direct order download
  •  Privacy guaranteed

We can help you:

  •  acquire a comprehensive professional presentation.
  •  get a unique and remarkable content as per your instructions.
  •  Get an additional portion that can be included to your existing presentation;
  •  turn your work in to an eyecatching presentation with well communicated ideas.
  •  improve your presentation to acquire the best professional standards.