Digital Media Project Risk Management
JINO Create is a small freelance design company. We deliver all kinds of different design such as web design, e-learning, 3D modelling, and etc. As a new freelance company, we will meet several risks on the journey in our design. These are some potential risks that we will meet throughout our project:
Likelihood Almost Certain Likely Moderate Unlikely Rare
Risk Group Risk Inappropriate skills mixes Loss of key staff Badly-designed workplaces Risk Group Risk Skills, training Theft Loss of key personnel Risk Group Risk Badly-designed products Equipment break down Risk Group Risk Bad debts Poor cash flow Risk Group Risk
Insignificant H M L L L
Consequences Minor Moderate H E H H M H L M L M
Likelihood Moderate
Human Resources Impact Risk Score Major E
Unlikely Rare
Major Minor
E L
Major E E E H H
Treatment/Action Upgrade self knowledge Only one staff Clean up
Personnel Likelihood Likely
Impact Moderate
H
Rare Unlikely
Insignificant Insignificant
L L
Likelihood Moderate
Impact Major
Moderate
Minor
Likelihood Rare Unlikely Likelihood
Risk Score
Operational Risk Score E M
Treatment/Action Update knowledge Report to police Only one staff Treatment/Action Make more effort on product Repair immediately
Financial Impact Risk Score Treatment/Action Moderate M No cash involve Major H No cash involve Disasters which affect senior and key staff Impact Risk Score Treatment/Action
Accidents Risk Group Risk Fire Flooding
Rare Likelihood Rare Rare
Major H Natural and man-made disaster Impact Risk Score Major H Major H
Treatment/Action