Tuesday, 28 February 2012

Mid internship presentation

During the mid internship presentation, I was  informed by my supervisor that actually I was off the internship track. I had concentrated to much in the area of project management which was not taught to us during the previous semesters. So they  asked me to concentrate much only on what we have so far learned during the school terms. I was also asked to concentrate on the digital campaign of my internship rather than the theoretical part of it.

This actually help me so much to be on track again as I had spent almost half of my internship period focusing on the not so relevant issues. I had to delete some of the irrelevant work and replaced  it with the much needed digital part of the project.

Part of the deleted work is below. Though it was deleted but it doesn't necessarily mean that its not used in the project management system.

RISK MANAGEMENT is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
RISK MANAGEMENT involves the following steps
a)    Risk Identification: what is the risk? Here we are going to brainstorm what kind of risks can occur when we are organizing this  agricultural workshop/project in Uganda
b)    Risk Qualification: what is the likelihood and impact of the risk? After identifying the risks we shall then measure the impact of the risks and the likelihood of happening and then prioritising these risks.  In the risk impact we then estimate the consequence of each identified risk by asking ourselves questions like How big will the impact of the risk be on the project?
We can assess the risk impact by using the Richter scale as shown in the diagram below
                                                                 
But we shall use a more simplified measure like this one

Risk likelihood?how likely will the risk happen
                                                          
After identifying the risk impact and likelihood of it happening we then prioritize our risk management.

c)    Risk Response:
What can we do about the risk?
Under response we have to ask ourselves what we want to do about these risks
We have 3 options
•    Accept it by living with the consequences
•    Avoid it by working around so that the risk never happens
•    Mitigate it by taking action to lessen the risk
d)    Risk Response Control:

How do we manage and monitor the risk? By having a risk analysis

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