TASK 2

RISK MANAGEMENT

Case study
Asian Tsunami Cricket Benefit Match

Prepared by: XXXXXX

Position: Team member
Date: 7/10/2020
Version No.:

Student name:
DAN
 Table of Contents
1. Introduction _1__
2. Key objectives of the project risk management _1__
3. Key Stakeholders _1__
4. Identify Risks _1__
5. Tools and Techniques to identify risks _2__
6. Risk Register ____
6.1. Likelihood Scale __2__
6.2. Impact Scale _3__
6.3. Risk Matrix _3__
6.4. Risk Register _4__
7. Risk review process _5__
8. Risk Responses _5__
9. Update Risk Register _6__
Appendix _7__

Student name:
DAN
1. Introduction
(An overview of the project and client’s requirements)

The project is about the earthquake in Indian Ocean that occurred in December 2004 which
leads to tsunami and devastated the regions near the Ocean. This leads to the deaths of many
people, poverty by destroying the homes of many. To overcome the situation and to help the
people in need, cricket community has decided to run a charity match as cricket has been
liked by many people all over the world. By raisin the charity match, they collect the charity
funds for the relief effort.

2. Key objectives of the project risk management

o Should identify the hazards such as damage or hole in the stadium and try to solve it.
Try to cover the holes or keep a warning board.
o Must provide the Personal Protection Equipment. This PPE helps user to protect from
the health or safety risks. PPE kits include gloves, clothing, safety footwear, etc.
o Committee should take of the injured person immediately. They have to provide the
First Aid kit, if there is any injured person in the stadium.
o Fire exit is the main thing that should present in the stadium. In case of any fire
accident all the people can easily exit from the gate. This may reduce the damage.
o To ensure safe and professional way to improve and preserve the reputation by
controlling the crowd in the stadium.

3. Key Stakeholders

o International Cricket Council (ICC)

o Asian Cricket Council (ACC)
o Individual cricketing authorities
o Melbourne Cricket Club
o Ground staff of Melbourne Cricket Ground

4. Identify Risks
Risks Description
Weather condition Rains on the day of match

Student name:
DAN
Low budget No sponsors
Lack of players When the players get sick or injured
less response When the tickets are not sold
Very less response When the tickets are not sold two days prior
Indiscipline staff Grand prix is on and ground staff is not
available
Security To control the crowd
Communication Understanding among the team members
Telecasting issues When there is an issue in the publicity in
TV

5. Tools and Techniques to identify risks

(Describe your approach to identify risks on the project)

o Brainstorming is a technique which is done with the group of people. They always
focus on identifying the risks that may cause in the cricket match and finds a solution
for it.
o Thinking in different aspects of the problem that may occur in the cricket stadium and
finding the solution for each assumption can reduce the risk rate.
o Delphi technique is used to consult the team of experts. In this required information is
sent to the experts they think about the risks that may occur and sends the results for
the further review until there are no consensus.
o Interviewing is conducted between the team members, stalk holders and the experts,
to identify the risks in Cricket stadium.
o Identifying the risks from the roots, this may reduce the huge damage.

6. Risk Register (pp. 116-118)

6.1. Likelihood Scale

Very
Low 1 Highly unlikely to occur; however, still needs to be monitored as certain
circumstances could result in this risk becoming more likely to occur
during the project

Low 2 Unlikely to occur, based on current information, as the circumstances

l likely to trigger the risk are also unlikely to occur©

Student name:
DAN
Medium 3 Likely to occur as it is clear that the risk will probably eventuate

High 4 Very likely to occur, based on the circumstances of the project

Very 5 Highly likely to occur as the circumstances which will cause this risk to
High eventuate are also very likely to be created

6.2. Impact Scale

Very 1 Insignificant impact on the project. It is not possible to measure the
Low impact on the project as it is minimal

Low 2 Minor impact on the project, e.g. < 5% deviation in scope, scheduled end-
. date or project budget

Medium 3 Measurable impact on the project, e.g. 5-10% deviation in scope,

. scheduled end-date or project budget

High 4 Significant impact on the project, e.g. 10-25% deviation in scope,scheduled

. end-date or project budget

Very 5 Major impact on the project, e.g. >25% deviation in scope, scheduled
High end-date or project budget

6.3. Risk Matrix

Likelihood

Very low Low Medium High Very High

Impact

Very Low

Low Risk 6,7 Risk 2,8 Risk 9 Risk 3,4

Medium
Risk 2,8

High Risk 9 Risk 1,5

Student name:
DAN
Very high Risk 3,4 Risk 1,5

6.4. Risk Register

Ris Risk
k description
no Mitigation
likelihoo Impa Ratin strategy/Respo Likeliho Impa Ratin
# d ct g nse od ct g

Initial Residual
1 Rains on the
match day 4 5 20 Accept 4 5 20
2 Players get
sick or 3 2 6 More reserve 3 1 3
injured players
3 Tickets are
not sold one
week prior 2 5 10 More 1 5 5
marketing
4 Tickets are
not sold two Two for one
days prior 2 5 10 deal 1 5 5
5 No sponsors Reduce
4 5 20 sponsorship 4 3 12
fees, increase
ticket costs
6 Grand Prix
is on and 2 2 4 Transfer- sign a 1 2 2
ground staff contract with a
may not be staffing agency
available
7 Crowd bad
behaviour 2 2 4 Employ more 1 1 2
security
8 Misundersta
nding in the 3 2 6 Improving 1 1 2

Student name:
DAN
 project team work
9 When there
is any issue 3 4 12 Initially taking
in publicity care of such 1 1 2
in TV issues

7. Risk review process

(Outline risk review processes to maintain currency of your risk register)

To identify the risks that may occur in the project and to reduce it, in order to raise a fund for
helping the tsunami attack people. As the match is conducted immediately after the tsunami
attack there may be many risks associated with it. By identifying the risks prior and try to
reduce the risk may help to raise more money. The most common risk is lack of players in the
cricket ground, so overcoming the risk before and finding an alternate solution to reduce the
risk is necessary, Because of tsunami, there may be lack of people in the stadium which may
not help to raise the money, Publishing and marketing may reduce this risk. So finding an
alternate solution for every risk may maintain the currency of risk register.

8. Risk Responses
(Explain how risks may change over time in the execution of the project. Give specific
examples of how your risk responses change.)

There may be risk which can change overtime during the execution of the project. For
example, when taking the collection of tickets there may be a chance of risk that the tickets
are not sold. For this, we can mitigate the risk by marketing. But there may be risk, even the
publicity may not help in selling the tickets. For this, we can mitigate the risk by adding an
extra offer along with the ticket. By offering free t-shirts or shoes or handbags may make the
people more curious to buy the tickets.

9. Update Risk Register

(Describe what you would need to do to update your risk register given the above changes)
In the risk register, the rating is given according to the initial risks. Once, there is a change in
the risk we have to update the risk rating on the residual, as we mitigate the risk. When the

Student name:
DAN
risk is obtained, it will be the initial rate of risk, once the risk is mitigated and the risk is
sorted of, then the rating will be updated in the residual risk.

Student name:
DAN
Appendix
(Your case study here if it is different from the Asian Tsunami Cricket Match)

Case study:

On December 26th 2004, an earthquake measuring 9.0 on the Richter scale occurred in the
Indian Ocean just off the western coast of northern Sumatra, Indonesia. The sudden vertical
rise in the seabed by several metres displaced massive volumes of water, which resulted in
a tsunami that devastated the shores of Bangladesh, Burma, Indonesia, Malaysia, the
Maldives, South India, Sri Lanka, Thailand and as far away as Kenya and Somalia. The
earthquake and tsunami were thought to have caused over 200,000 deaths, while whole
sections of coastline were devastated, destroying the businesses and homes of millions,
triggering a widespread humanitarian response. Throughout Australia many appeals were
launched to raise money for humanitarian agencies to provide relief to the many injured
and traumatized survivors.
The international cricket community launched one such appeal. With cricket being a
popular sport in many of the affected countries, especially India, Sri Lanka and Bangladesh,
and several Sri Lankan players’ families injured in the tsunami, the cricket community
decided to organise a charity cricket match to raise funds for the relief effort. The match
between an Asian team and “Rest of World” team, featuring some the world’s best players
from Australia, New Zealand, Pakistan, India, Sri Lanka, the West Indies, England and
Bangladesh was played at the Melbourne Cricket Ground on January 10, 2005.

Student name:
DAN