Continual Technology Training (CTT) is a technology learning centre founded by Dr. Alan Hong. CTT provides short technical courses catered to adults working in Singapore’s science and technology sectors. The courses conducted, such as Artificial Intelligence and Machine Learning, equip learners with the latest technical knowledge that they can apply in their work.
CTT started three years ago at Happy World Plaza with one classroom and Dr. Hong was the only trainer. Recently, with the promotion of life-long learning by the government, CTT’s business has grown rapidly. Today, it has expanded to three classrooms with six staff members and revenue is estimated to exceed S$1M next year. Also, CTT faces some new competitors in this niche market.
In February 2020, CTT’s management signed a partnership agreement with Skill Enhancement Lab (SEL) in Kuala Lumpur, Malaysia (this need not be your choice of preferred location in the previous question), for them to conduct CTT’s courses.
Assuming you are CTT’s Business Development Manager, Dr. Hong has
appointed you to be the Project Manager to set up and run a
technology classroom in SEL’s premise as soon as possible. The
purpose is to cater to Malaysian students wanting to attend lessons
conducted remotely by CTT’s trainers in Singapore. You will be
stationed in Kuala Lumpur during the project implementation period.
SEL has also assigned its Information Technology (IT) Manager, Mr
Syed to work with you. A locally sourced renovation contractor,
Design & Build (D&B), has appointed its designer, Ms Carrie
Lim, to work on this project. The project is named the Remote
Training Centre (RTC) Project. It is the first project that all
three parties will work together.
The CEO briefed you on his expectations. He wants the RTC Project
to start on 1st March 2020 and to be completed by 15th May 2020,
which coincides with CTT’s Fifth Anniversary.
Your team has worked out the list of activities as shown below:
Table 1: Activity List for Remote Training Centre (RTC)
Project
Activity Number |
Description | Duration (days) | Predecessors |
1 | Remote Training Centre (RTC) Project | ||
2 | Conduct initial project meeting | 1 | |
3 | Study course's requirements | 5 | 2 |
4 | Apply renovation permit | 10 | 2 |
5 | Purchase renovation materials | 12 | 3 |
6 | Purchase technology and computer equipment | 15 | 3 |
7 | Hacking of walls and floors | 5 | 4 |
8 | Lay tiles | 6 | 5,7 |
9 | Lay cables | 4 | 8 |
10 | Install technology equipment (e.g. robotics) | 8 | 6,9 |
11 | Install computers | 7 | 6,10 |
12 | Test overall systems | 3 | 11 |
13 | Press release and publicity | 5 | 11 |
14 | Train SEL staff | 3 | 12 |
15 | Commission Remote Training Centre | 1 | 12,13,14 |
Question 4
To be an effective project manager, you must be proactive in
identifying and managing the risks.
(a) Analyse four (4) potential risks of the RTC Project, one from each of the following categories: Technical, External, Organisational and Project Management. Present your answer in the Table 2 format.
Table 2: Risk Identification
Item | Category | Description of Risk | Consequence |
Risk 1 | Technical | ||
Risk 2 | External | ||
Risk 3 | Organisational | ||
Risk 4 | Project Management |
(b) For each of the risks identified in Part (a), develop a risk
response plan for the RTC Project Team. You shall first examine the
most appropriate risk response way (i.e., mitigating, avoiding,
transferring or retaining the risk), then formulate an effective
response. You can only repeat at most one risk response way.
Note: You are not required to do any Risk Contingency Planning.
Q 4 (a) Analyse four (4) potential risks of the RTC Project, one from each of the following categories: Technical, External, Organisational and Project Management.
Ans:
As per PMBOK, The Project risks can be classified as mentioned below:
Technical, External, Organizational and Project Management.
These four types of risks can further be broken down to have a better visibility of each type of risks. Here are some activities which cater to these risk types.
Technical: The risks associated with requirements, technology, interfaces, performance and reliability and Quality are technical risks.
External : Subcontractors or Suppliers, Regulatory, Market, Customer, Weather etc are external risks
Organizational: Risks like Project Dependencies, Resources, Funding, Prioritization belong to Organizational risks.
Project Management : The risks associated with Estimating, Planning, Controlling, Communication are the project management risks.
So in this problem we need to identify at least one potential risk from each of these 4 types
Item |
Category |
Description Of Risk |
Consequence |
Risk 1 |
Technical |
The complexity of robotic equipments |
If not installed properly with an experienced engineer and quality material, it might delay the project further |
Risk 2 |
External |
Any damage or delay due to the extreme weather conditions |
It will lead to potential increase in cost and failure to deliver with in time line |
Risk 3 |
Organizational |
Over utilization of Resources |
This might increase the cost |
Risk 4 |
Project Management |
Proper Communication among team member |
If no proper communication happens among the team members, then there is confusion on roses, responsibilities, progress etc. |
b) For each of the risks identified in Part (a), develop a risk response plan for the RTC Project Team. You shall first examine the most appropriate risk response way (i.e., mitigating, avoiding, transferring or retaining the risk), then formulate an effective response. You can only repeat at most one risk response way.
Risk Plan
There are negative and positive risk mitigation plans. Below are the plans mentioned for each risks.
Item |
Category |
RIsk |
Response Plan |
Risk 1 |
Technical |
The complexity of robotic equipments |
Avoid it by hiring an experience engineer, workers and purchasing quality equipments |
Risk 2 |
External |
Any damage or delay due to the extreme weather conditions |
It can be transferred to an insurance company. Any damage or delay can be compensated. |
Risk 3 |
Organizational |
Over utilization of Resources |
This can be exploited to finish the project sooner in case any delay occurs to due to any dependencies. |
Risk 4 |
Project Management |
Proper Communication among team member |
This can be mitigated by implementing communication and coordination softwares. |
Continual Technology Training (CTT) is a technology learning centre founded by Dr. Alan Hong. CTT provides...
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