21 Dec Building and opening a new Toy4All store Project Description: Toy4All toy store chain wants to open a new store in a small town. For this project, the Director of the Projects Departme
project described below, you are required to identify 10 major risks and write them in the provided risk register
Project Title: Building and opening a new Toy4All store
Project Description: Toy4All toy store chain wants to open a new store in a small town. For this project, the Director of the Projects Department assigned Mr. Play as the project manager, an employee with 5 years of service in the company. He will have to plan and coordinate all activities related to the new store's opening, which, unlike other existing stores, will be equipped with a children playground. He will need to consider the activities: building the store, setting up the interior and the exterior, supplying the store with toys, defining the personnel structure, and preparing the store for the opening. Also, the details regarding advertising must not be forgotten. The project duration is 1 year and will end with an opening event.
Due to the professionalism proven when building previous stores, the company decided to work with the same building contractor (for the construction phase). By now, all licenses and permits required to start the work have been obtained.
The role of Mr. Play will not be easy. He was assigned due to his idea to include a playground in the store, which, once applied, should lead to increased sales figures. While the entire management has supported the idea, several heads of departments in the organization were not very pleased by his assignment, considering him too young and inexperienced for such a project. The most serious concerns are related to the project's impact on the already planned activities that will support sales in the holiday season.
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Document name: RISK REGISTER |
Version: |
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Project title |
Fill in the project name. |
Project initiator |
Fill in the name of the organization that initiated the project. |
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Project Manager |
Fill in the name of the Project Manager. |
Project Sponsor |
Fill in the name of the person who authorizes the project launch and assigns the Project Manager. |
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Risk ID |
Risk statement Fill in the risks identified on each work package |
Probability Fill in the estimated probability of occurrence for each identified risk |
Impact Fill in the estimated impact (if it manifests) for each identified risk |
Priority (Probability x Impact) Prioritize the identified risks based on the result obtained by multiplying the probability of occurrence and impact |
Response measures/ Risk Owner Fill in measures to increase the probability of occurrence and/ or impact of opportunities and reduce those of threats. State the team member responsible for implementing the response. |
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Risk 1 |
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Risk 2 |
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Risk 3 |
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Risk 4 |
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Risk 5 |
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Risk 6 |
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Risk 7 |
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Risk 8 |
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Risk 9 |
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Risk 10 |
Risk Register Template
