Risks in Network Projects

Risk refers to the possibility of losing something of value. A project network refers to a graph that depicts the sequence where the elements are completed by showing aspects of the terminal and their dependencies. The risks that are likely to occur in the project include Computer viruses: When the virus gets into computers they have the potential to clean everything in hard disks hence messing up with all the documents. Second, hackers: Hacking involves breaking into someone system and be able to steal available files. The kind of risks may make one not to complete the project of the network due to the disappointment of presenting their documents (Wang et al., 555). Third, Cost risks which occurs when the costs of expenses are higher than the budgeted one.

Forth, Software Vulnerabilities which arises when the software are weak and so making the project to be in high risks since there is no assurance that the project can be safe when saved. Finally, performance risks, the risks occur when after completion of projects, the feedback given back does not show acceptance of the projects. The risks named earlier will automatic affects the network project in a negative way. Risk register refers to a tool used in both risk and project management. On the other hand, probability and impact matrix shows how risks are rated on its probability of occurrence and the impacts the chances are likely to case if it occurs since when risks arise it can be said to be low risks, moderate risk or even higher risks. Considering this network project, when rating the risks mentioned earlier they are all high risks since they impact the project internally and externally, they are visible because when such risks occur in the project, the high chance is that the project might be cancelled.



Work Cited

Wang, Tao, et al. “A meta-network-based risk evaluation and control method for             industrialised building construction projects.” Journal of Cleaner Production 205      (2018): 552-564.