Change Ctrl Risk Register

Using the project, you outlined in the Wk 3: Summative Assessment: Project Scoping Outline, in 800- to 1,000-words:

Assess      impact and probability for each risk.

For those risks that have a risk exposure of greater      than 60,determine a strategy and response. Remember, if a strategy      can be implemented immediately, the project should be changed rather than      wait for the risk to be realized; therefore, each response should be based      on the realization of the risk at the time of execution.

Determinehow      risks will be communicated. Include information on how the communication      will be documented.

Evaluate the      timing, type, and audience of those communications.

Assess      who will make final decisions about risk responses.

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Project Scoping Outline
The hypothetical project that I intend to work on will last 4 months, thus providing a
product, service, or result to the people and organization, is the project on developing a health
mobile application for the management of chronic conditions. Therefore, the mobile
application developed with the aim of helping patients and organizations on managing chronic
conditions such as hypertension and diabetes. The project will take a duration of 4 months for
development with different team members or stakeholders involved. The main goal of the
project is to provide a mobile user-friendly application or platform for healthcare organizations
and patients in monitoring health, provide consultation, receive medication reminders, and
enable telehealth communication.
Approach to Project Management
The project is a hybrid approach project based on the combination of different elements
of predictive and agile methodologies.
Reasons for selecting the Hybrid Approach
One of the main reasons for choosing the hybrid approach is due to its adaptability and
flexibility by allowing iterative adjustments and development regarding the feedback of the
user and changes in needs and requirements (Tolbert & Parente, 2020).
The second reason is due to the structured planning that offers a precise timeline and
roadmap, which is critical for meeting the standards of regulations within the sector of
healthcare.
The third reason for choosing the hybrid approach is based on its effectiveness in the
management of risk by enabling the early recognition of risks, thus mitigating the risks through
continuous reviews and updates.
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The fourth reason is that the hybrid approach promotes the involvement of all the
stakeholders in the management of the project (Tolbert & Parente, 2020). This implies
facilitating the continuous engagement and communication of the stakeholders, which makes
certain of the alignment with the changing needs and desires.
The fifth reason for choosing the hybrid approach is quality assurance, which implies
making certain lofty standards for the project’s quality through iterative validations and tests
at different development levels. Therefore, it makes certain of the high-quality product or
service or results to the customers.
Evaluation of the Approach
The approach will work with the organization based on the value of the organization in
terms of advancement and the experiences with different management methodologies, such as
traditional and agile. Furthermore, the hybrid approach is well-aligned with the objectives and
goals of the organization based on balancing advancement with quality and adherence.
Expectations from the Project Sponsor
Initially, the role of the sponsor is offering strategic direction and making certain of
alignment with the goals and mission of the organization. Furthermore, the sponsor facilitates
the ease of access to project resources and prevents any barriers hindering the progress.
Therefore, the expectation of the sponsor is the timely delivery of a quality, user-friendly, and
functional mobile application. Furthermore, the sponsor expects compliance with the
constraints of timeline and budget as well as with the regulation and standards on data privacy
within the sector of healthcare.
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Expectations for Deliverables
The sponsor has different expectations for the deliverables, such as the functional
application, continuous status updates and reports, integration with existing healthcare systems,
user training and documentation resources, and final project evaluation and report.
Project Objectives
The main objective of the project is to promote patient involvement by offering tools
to the patient for active management of their well-being and compliance with plans of
treatment. Furthermore, the project aimed at improving health results by utilizing data analytics
on monitoring the progress of patients and intervening early enough when required. In addition,
the project aimed at promoting effective communication between the healthcare providers and
patients through telehealth.
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Part 2
Project Scoping Outline
The development of new software for a customer as my outline product was one of my
past projects that had precise uniqueness and definiteness, thus making it an endeavour that is
distinct. Therefore, the main aim was to meet the certain needs of the client and offer a
customized solution of the software for the customer. The competition product within the same
project is Compsoft, which is one of the well-established and dominate software within the
marketplace. The product provides significant functionalities that are common to our software￾developed program. The product is known for its dedicated support of customers, continuous
updates and interface that is user friendly. Furthermore, Compsoft caters to a broader range of
individuals and corporations, inclusive of small to medium to large organizations or enterprises
and establishes a robust reputation over a period.
In addition, Compsoft offers a wider range of characteristics or features that lead to
catering to general needs within business operations. However, the program lacks the
significant abilities of customization that our software provides. Therefore, our software
capability tailors to the functionalities of certain needs of the customers, which gives a
competitive edge within the niche market with the critical aspect of customization.
Furthermore, Compsoft surpasses on service by offering all-day customer support and
continuous updates of its software. Therefore, the dedication towards continuous improvement
and customer service helps in maintaining the trust of customers. Our software project should
also utilize the same operational practices to promote the retention and satisfaction of
customers.
The organization aimed at differentiating itself by providing customized solutions, thus
meeting the needs of our customers. This aligned with the objective of the organization of
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promoting the satisfaction of customers and promoting their long-term trust and relationships.
Therefore, the capability of offering customized solutions helps in setting our organization
apart from Compsoft as one of our competitors, thus focusing on generic products for our
customers. Furthermore, our organization puts a priority on continuous advancement and
quality software outputs, with a focus on advanced technology and an intense process of quality
assurance. Therefore, we can make certain that our program software meets the standards of
business operation.
Stakeholder Register
Stakeholder Role. Power. Influence. Interest. Non-Engagement.
Client Our primary
customers
High High High Their non￾involvement leads to
misalignment
Project
Manager
Oversees the
execution of the
project
High High High Non-engagement
leads to poor project
execution and late or
missed deadlines
Development
Team
Implementation
of the project
Medium High Medium Non-involvement
leads to low-quality
output and delays
Quality
Assurance
Make certain of
the quality of
the project
output
Medium Medium Medium If not involved or
distracted, the
quality of the project
may be lower, thus
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leading to
dissatisfaction
End Users Uses the final
project product
Low Medium High Their non￾involvement might
limit the user￾friendliness output,
which affects
adoption
Finance
Manager
Oversight of
the project
budget
Medium Low Low Their non￾involvement can lead
to mismanagement
of the budget,
impacting the entire
success of the project
Customer
Support
Team
Offers support
on post￾deployment
Medium Medium High Their non
engagement can lead
to poor support of the
customer, which
affects the customer’s
reputation
Marketing
Team
Promotes the
marketing of
the software
Medium High Medium Their non￾involvement leads to
poor visibility in
marketing, which
leads to slow growth
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When examining a rival product or service in the market, it is critical to evaluate how it
fits into the competitive environment. This entails comprehending how the product differs from
other products in the market in terms of its specific features, cost, quality, and value
proposition. We can assess success of the product and customer appeal by analysing its
competitive positioning, which includes factors like whether it delivers a unique advantage or
closes a market gap. Furthermore, considering consumer preferences, market trends, and the
level of competition in general can shed light on how the good or service fits into the larger
competitive picture.
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References
Buccieri, D., Javalgi, R. (Raj) G., & Gross, A. (2021). Innovation and differentiation of
emerging market international new ventures the role of entrepreneurial marketing.
Journal of Strategic Marketing, 31(3), 1–29.
https://doi.org/10.1080/0965254x.2021.1952293
Mitchell, J. R., Mitchell, R. K., Hunt, R. A., Townsend, D. M., & Lee, J. H. (2020).
Stakeholder Engagement, Knowledge Problems and Ethical Challenges. Journal of
Business Ethics, 175, 75–94. https://doi.org/10.1007/s10551-020-04550-0
Tolbert, M., & Parente, S. (2020). Hybrid Project Management. Using Agile with Traditional
PM Methodologies to Succeed on Modern Projects. Business Expert Press, LLC.
https://asmedigitalcollection.asme.org/bep-ebooks/book/chapter￾pdf/7147716/9781952538353fm.pdf