Risk management for Tune Source project
Risk description Severity Solution
The scope and objective of the
project is not well-defined Medium
Arrange and organize specialized tasks. Set
specific, brief, and simple goals for the
project, and ensure the purpose is well
defined
There is a chance that the
project will be misaligned in
terms of both the general
contractual terms and
conditions.
High
Must be aware of all contracts in which
both parties are involved. Cooperate and
come to an agreement on the terms of
participation in the project, as well as the
project's objectives.
The project schedule is not
clearly defined Low
Hold scheduling workshops with the
project team to ensure that everyone is on
board with the plan and that no tasks are
forgotten.
Product is released to the market
but the users are resistant to
change, or there is a conflict
between users.
Medium
Some possible mitigation strategies for this
risk include User testing and surveys,
Frequent releases, and Beta testing. (Chien,
2020)
Bad timing - the time for the
project was initially incorrectly
calculated and set.
Medium
Apply agile methodologies, ensure the
maximum involvement of all team
members in planning and estimating,
receive feedback at all stages, starting from
the earliest ones. (Kononenko, 2020)
Incorrect Budget Estimation Medium
It is necessary to maintain constant control
of the budget and development process.
When introducing additional functions โ or
the need for any changes โ calculate their
cost at the discussion stage. (Kononenko,
2020)
Poor code quality and technical
risks High
Attempt to correct the tools and technical
solutions so that we can complete the
project on time and without any technical
risks.
Poor productivity Low
Using agile methodologies allows
maintaining the productivity and
motivation of all team members throughout
the project since the processes are divided
into shorter periods of time. (Kononenko,
2020)
