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1.
Marketing Risk: Failure to Solve the Problem |
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Low |
| Consequence: |
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Critical |
| Solution: |
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If RMS fails to help the user control their use of water
to maintain their septic system, the project could fail.
To avoid this problem a functional prototype will be made and
Tested under extreme conditions. |
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2.
Critical Risk: Production and installation costs push the price above market value |
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| Probability: |
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Moderate |
| Consequence: |
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Critical |
| Solution: |
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The Hardware costs, Software Development Costs, and Installation costs
may push the price of the final product higher than people are willing
to pay for it. To avoid this, COTS products will be used wherever possible.
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3.
Major Risk: Critical manufacturer goes out of business |
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| Probability: |
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Moderate |
| Consequence: |
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Major |
| Solution: |
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RMS will have to find a new manufacturer
during this time period and may sustain some
financial losses should this happen.
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4.
Moderate Risk: Water meter manufacturer goes out of business |
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| Probability: |
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Moderate |
| Consequence: |
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Moderate |
| Solution: |
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RMS will then seek a new
manufacturer of pulse code output
water meters.
These companies are more common so the risk is only moderate |
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5.
Minor Technical Risk: Water meters have alternate units of measure |
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| Probability: |
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Low |
| Consequence: |
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Minor |
| Solution: |
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RMS will use existing
devices/equipment that are already in compliance
with the requirements. A workaround would be to convert the
alternate units of measure to U.S. Gallons |
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6.
Minor Technical Risk: Septic Tank is measured in an alternate unit of measure |
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| Probability: |
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Moderate |
| Consequence: |
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Low |
| Solution: |
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The units will be manually converted to U.S. gallons and entered into the
RMS wall unit as U.S. gallons at install time. |
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