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Follow existing standard operating procedures, processes and systemsto obtain approval for resource purchasing. Develop new processes and systems that allow access to resources Find out the availability of resources Consult with the project sponsor, possibly the company accountant andthe IT manager about the availability of resources.Monitor Finance: as a project manager team we have to make a report about how we arespending the money. We need specific informaton about the finance like:The estmated and actual expenditure.The amount spend against the total project cost.The estmated remaining costs to complete the project.Other costs that are increasing the project cost.Monitor Resources: monitor human, technical and physical resources to maintain the projectfocus. Human resources: we have to motvate the people, training, havea workplace safety and good compensaton rates.Physical resource: we have to take care the work place, thebuilding of the company the utlites and the transport andlogistcs process.
Technical resources: we have to know the current trend and wehave to appropriate of the industry knowledge.Track Time: require different types of work place informaton to monitor track tmeWe have to follow the schedule when we start and complete datesTake already underway, we have to know when we are going tocomplete the tasksProgress we have to see the task finished and unfinishedWe have to complete obstacle and try to solve the problem The team should interact and share informaton among the group about the project.Have regular team meetng.Developing and using systemUnderstanding how the team is working to meet challengesRisk management policy This policy describes our commitment to meeting strategic and operational goals related to riskmanagement. This policy forms part of our commitment to continuous improvement. Riskmanagement will be reviewed through regular training, monitoring, auditing and reportingprocesses. All BizOps Enterprises employees are responsible for applying risk managementprinciples and practices in their work areas. 3.Risk ManagementRisk management process for the project manager will be for him to identify a risk to BizOpswhich can be any event or action that could have a negative impact on the organisation. Thisincludes events that could lead to: • Death or injury • Financial loss to BizOps • Damage to BizOps’s reputation or adverse media coverage • Damage to the physical environment, including land, water or air quality • Failure to meet regulatory or legislative requirements. Risk management proceduresAccording to BizOps Enterprises risk management policy there is a cycle of events which theproject manager or the person leading the project has to follow and cycle for risk managementincludes:ProcessActonRisk identficaton Risk identficaton is a structured approach to identfying the eventsthat, if they were to occur, could have a negatve impact on BizOpsEnterprisesRisk ratng Risk ratng is a process to analyse and understand each of the risks,including understanding what causes the risk to occur and whatcontrols are already in place to manage the risk.