Risk & Compliance Management
Hybrid approach risk mitigation with formal governance, compliance frameworks, and security-by-design. Steering Committee oversight and weekly risk reviews.
Highest Risk Phase
Testing Phase
$145k - $290k Exposure
Total Risk Exposure
$720k - $1.4M
Without Mitigation
Contingency Fund
$40,263
Available Buffer (12.8%)
Financial Risk Exposure
Potential cost impact by project phase
Scope vs. Budget Trade-off
Analysis of budget constraints on project scope
Risk Register & Mitigation Plan
Top 5 identified risks and their management strategies
| Risk Description | Impact | Probability | Mitigation Strategy |
|---|---|---|---|
| Budget Overrun | High | Medium | Strict scope control, lean staffing model, 12.8% contingency buffer. |
| Integration Complexity | High | Medium | Direct API strategy (no WSO2), senior integration lead, early prototyping. |
| Resource Availability | Medium | Low | Hybrid model allows access to global talent pool for remote roles. |
| Scope Creep | High | High | Formal change control framework, Steering Committee approval for changes > 5%, strict scope management. |
| Compliance Gaps | High | Medium | Dedicated Cybersecurity Specialist, security-by-design, early compliance assessment, compliance evidence trails. |
| Knowledge Transfer Gaps | Medium | Medium | Extended 3-week training phase, role-based curriculum, competency validation, operations handover documentation. |
| Stakeholder Delays | Medium | Medium | Clear escalation path, weekly status reports, dedicated PM, Steering Committee oversight. |