Risk Management Cycle Plan For ATA East Timor Solar Project

Risks

Description

Information and research

“The effectiveness and efficiency of the project depends on the collection of information related with the project” (Tooley, 2012). By indulging physical site assessment technique helps in diagnosing the real situation.

Transport

The equipment transportation is the time consuming process. The strategies should be built to resolve the transportation issues of the goods

Communication

The inefficient communication system slow down the process of planning and which in turn results in delay of the project.

Capacity building

The capacity building is the key area for dividing the roles and responsibilities among the individuals.

Working with local organization

The cultural difference is the major issues associated with it

Relationship with external organization

Sponsorship is the major concern area to required money for the completion of the project

Power Issue

Cutting of the power decreases the working capability of the organization

Less experienced labour

It affects the working capability of the organization

Language barrier

The language is the major barrier for motivating the stakeholders

Use of local Supplier

Non-availability of the local supplier

Concern of health and safety

There are no health and safety procedures to develop security to the working employees

Stages

Action Plan

Risks Identification phase

The physical site analysis of the ATA’s project helps in identifying the risks associated with the project are transportation of the goods and resources, communication, capacity building, working of the local organization, relationship with external organization, power issues, language barriers, use of local supplier, and concern of health and safety issues

Risk assessment

“The priority should be associated with the risks identified which are based on assumptions” (Rao, 2014). The magnitude of the risks should be identified for increasing the capability of the decision making.

Planning and resourcing

The use f preventive plan and comprehensive plan helps in developing risk mitigating strategies

Implementation, monitoring, and control

The tracking of the risks helps in achieving the project success.

Risk Identified

Probability

Frequency

Priority

Risk Mitigation strategies

Transportation of the goods

High

Monthly

High

The local organization of the area should be promoted to provide goods and resources according to the demand raised by the new project

Communication

High

Daily

High

“The implementation of indirect and direct communication methodologies helps in resolving the issues and conflicts of the working employees and they feel attached with the project” (Owens, 2010). The consideration should be given on culture and values of the local people.

Capacity building

Medium

Daily

Low

The performance of the employees can be measured and improved with the use of key performance indicators. It helps in setting the target for the employees to improve their efficiency and skills.

Working of local organization

Low

Periodic

Medium

The working with local organization helps in overcoming the problem of cultural differences. The local partnership should be developed for providing material and equipment according to the demand and requirement of the project.  

Relationship with external organization

High

Periodic

High

“The good and healthy relationship should be developed with the external parties to promote sponsorship for the development of the project in the local area” (Reddy, 2017). The availability of the money helps in completing the project with ease within the allocated time and budget.

Power Issues

Low

Daily

Low

“The issues of power supply can be resolved because the deployment of these project required very little amount of power supply i.e. equivalent to 12V” (Muller, 2015). The installation of the project can be easily done.

Language barrier

Low

Daily

High

“The interpreter should be involved to overcome the problem of language” (Moser, 2017). The local people of the area can understand the language of the interpreter which helps in improving the working performance of the labour. It helps in giving emphasis to the values of the culture associated with the local people which helps in making good and healthy relationship with them

Use of Local Supplier

Medium

Periodic

Low

The experienced labour should be incorporated in the working platform of the project because they can predict the occurrence of the risks in advance for which proactive techniques can be developed.

Concern of health and safety.

High

Daily

High

The standard should be built for the consideration given in the area of health and safety of the workers. The two approaches which are used for promoting health and safety program are use of occupational health and safety program and monitoring and tracking of the follow up of the policies and standards within the working curriculum of the project or not.