Risks
The chart and graph below show the risk assessment for the project. The table displays a number corresponding to a certain risk. The second column shows exactly what that risk is. The third table shows a ratio between the likelihood of the risk occurring, and the consequence of that risk occurring. The scale is from 1 to 5, 1 being the lowest and 5 being the highest. The risk total is simply a multiplication of those factors. The 5th column explains how the team will mitigate the risks, and the last column shows a general type of risk category that each risk falls in to.
The graph to the right has a number of risks in various locations.
These risks are are indicated by the numbers inside to grid squares.
The location of the risk on the gid indicated the likeyhood of the risk to happen and consiquences of it happening.
Read the grid from left to right for increasing consiquence and bottom to top increasing likelyhood.
Each grid square is colored with the high likelyhoods and consiquences colored in darker colors.
Below is a list of the risks and brief description.
| Risk | Detail | Total | Mitigation | Type |
| 1 | Power outages causing data loss | 12 | Database server caching backups and running and uninterruptible power supply | Tech |
| 2 | Hardware Failure | 3 | Nightly data backups | Tech |
| 3 | Problems integrating software drivers with hardware | 6 | Consult hardware manufacturer, hire expert help, send developers to training | Tech |
| 4 | Delayed development schedule | 1 | Hire more staff as necessary | Tech |
| 5 | Invalid user input | 10 | Check for exceptions, implement a user friendly interface | Tech |
| 6 | Not being able to obtain hardware when needed | 2 | Establish contacts with similar hardware manufacturers | Tech |
| 7 | Delayed FDA approval | 15 | Keep tight and frequent contacts with FDA officials, seek FDA support early | Market |
| 8 | Customers avoiding a change in methodology | 16 | Market the user friendly idea, demonstrate that it will save money in the long run | Cust |
| 9 | Customers not familiar with technology | 8 | Train the customers on how to use the system | Cust |
| 10 | Insufficient finances | 10 | Follow a strict budget with weekly financial reviews/b> | Finacial |