BSBPMG521 Manage Project Integration Assessment Answer
|Risk number||Risk||Responsible person||Mitigation strategy||Duration|
|1||Market demand||Project Sponsor||Conduct Porter's five forces analysis in order to recognise the strategies to sustain the risk of buying power of customers. After the report is prepared, then the products should be launched typically, which can efficiently increase the market demand of the products. Moreover, customers' needs should be incorporated during the production time of the skincare products.||Two weeks|
|2||Economic swing||Financial team||Pricing should be fixed based on the current situation of the economy. If the company can be able to provide the new products at a marginal cost, then the authorities can attract the attention of buyers.||One week|
|3||Service quality||Human resources team||Provide training to the staffs. Some sessional training can enhance the service quality providence of the staffs (Rose and Gallivan, 2019).||Two weeks|
|4||Operational processes||Project manager||Focusing on the seamless performance of every employee within the organisation. Higher authorities should access every day's functioning report in order to assure that the operations are performed without any flaw.||Two weeks|
|5||Skillset of Employees||HR team||Provide training to the staffs of NatureCare products which will be responsible for handling the retail outlets Sydney and Melbourne.||Two weeks|
|6||Staff motivation||Project manager||By fulfilling the Employees' needs and requirements, they should be motivated by the project manager.||Two weeks|
|7||New rivals||Marketing team||Service quality and the products' quality should be enriched in order to mitigate the risk of new competitors.||One week|
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