Risk Management

A risk is an uncertain event or condition that can have a positive or negative effect on a projects objectives such as scope, schedule, cost and quality. All projects contain some risk but Vision can help you mitigate those risk to your project utilizing the Risk Management table below:

risk	Severity	description	mitigation
Unrealistic timeline	High	Not allowing sufficient time for major task completion	Provide and commit to realistic timelines that align with workload and resources available
Insufficient client team resources	Medium	Not having the bandwidth to complete project deliverables due to lack of resources	Adjust timelines accordingly to balance workload with project deliverables
Client availability	Medium	Key project members are unavailable for various reasons i.e. competing projects, turnover etc.	Provide multiple points of contact in the event that key stakeholders are not available
Requirement inflation (Scope creep)	Medium	Adding new feature request mid-project increases likelihood of delay	Adjust timelines accordingly when new features are introduced and communicate updated timeline to sponsor and key stakeholders
Sign off / Approval process	High	Key project approval steps need to be approved via committee / council delaying the process	Inform approvers of project deadlines and delays that can occur due to extended approval times