B. impact of mitigation strategy
Table of Contents
B. Impact of mitigation strategy 4
I. Project Risk:
A. Risk Requires Attention
B. Describe any dependencies
Except the initiation and planning phase, rest of the phases and milestones are vulnerable with the delay in the sign-off as, the project would neither be executed nor be closed without signing-off the planned documents (Marcelino et al. 2014). In simple words, the execution and controlling phase can only be executed if the project sign-off has been accomplished and delay in this milestone will affect the overall execution of the project.
C. Implications
It will no doubt first of all affect the schedule of the project resulting in the escalation of the schedule and hence the resources will be utilized for more days that will be alternatively resulting in the enhancement of the budget for the project (Kerzner and Kerzner 2017). Since the project will not be executed but the resources made available for the evaluation and estimation of the project constraints will be already spent and waited until it gets signed-off. The quality will be untouchable, as the executives will deliver the same quality after the sign-off.
II. Risk Mitigation:
A. Mitigation
B. Impact of mitigation strategy
It will make sure that every stakeholder is well known and aware with the project constraints and activities involved for the execution of the project and hence, the sign-off will be completed within the expected time and the project will be delivered as per the planning (Ashuri et al. 2015).
C. Best Course of Action
Best course of action would be regular meeting and in contact with the executives and heads for ensuring that they are well aware with the activities,, budget, schedule and other constraints of the project ensuring effective and efficient delivery of the project within the estimated time