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contingencyplan in placeNegotiate with team members, Colby Kornelis and Kayla Kornelis on smaller starting salaryLacy Kornelis/Colby Kornelis/Kayla KornelisOpen04Learning curve – all team members may be requiredto learn High - 9High - 9High - 9Exploit – Consistent incorporation of new skills and processes keeps business fresh and onAttend workshops run by experts to learn new skills/bring inexperts as staff or consultants Lacy Kornelis/Colby Kornelis/Kayla KornelisOpenRevised to accommodate PMBOK® 4thedition2
Risk Matrixnew skills to complete project.the competitive edge. - new and emerging markets, positive changes in exchange rates or interest rates.for individualprojects and learn on the job. This will require more work but willreduce risk.05Design software/accounting system does notsuit company needsLow - 2-3Medium – 5-6Medium – 5-6Reduce – Technical orperformancefailure or unclear expectations, action is taken early to reduce the likelihood of the risk occurring orthe impact itmay have.Identify needs for software, research key features of each product,filter out unwanted, and implement best suited.