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Copy and paste the sample below:Meeting AgendaMeeting Date:20/05/2020Meeting TimeDuration13:301 hourMeeting Location:Big OfficeAttendees:Project team and Project managerBSBPMG517 - Manage project risk V2 2020Page 10
RTO Provider: 91153- CRICOSCode: 02672Kgreenwichcollege.edu.au
Chair:Project managerPreliminaryPlease read the reports regard with riskassessmentsSubjects for meetingDuration (mins)1.Introducing5-102.Brief Speech about project progress5-103.Evaluation about the last-updated budget works15-204.Recent risk assessments15-205.Final speech5B)Monitor changes in the risk environmentAssume that the following has occurred (changes in circumstances):You are six months into the delivery of the project.1.A pandemic (it caused closed borders and drop in international students’ numbers)2.One of the project team members resignsYou are nine months into the delivery of the project.3.A new CEO wants to focus more on online delivery4.One of your highest priority risks occurred (specify what risk)Indicate what monitoring activities were used to identify the changes in circumstancebased on your risk plan and monitoring processes. (One monitoring activity/change incircumstance)Change incircumstancesMonitoring activityA pandemic (it causedclosed borders and drop ininternational students’numbers)The monitoring activity that was in place to thisunprecedented event is the following of the demandthat previously to the pandemic had a positive trendthat was the reason to open up a new campus in thecity of Sydney. Since the demand has droppedsignificantly and the overall situation for internationalstudents do not bode well for the foreseeable future,changes can be arranged in order to modify the size ofthe new premises that are about to be open.BSBPMG517 - Manage project risk V2 2020Page 11RTO Provider: 91153- CRICOSCode: 02672Kgreenwichcollege.edu.au
Change incircumstancesMonitoring activityOne of the project teammembers resignsThe monitoring activity used for this situation is theregular feedbacks between the project manager andthe team members, for this particular case it could beassumed that the project manager knew this couldhappen with the team member and he must haveanticipated in order to start searching for a new teammember within the company.A new CEO wants to focusmore on online deliveryThe monitoring activity that was in place was thefollowing of the governance structure in the company,so with the new CEO arrival and his/her new focuschanges can be made in the new premises in order totailor them into a more online and technologicalapproach.One of your highestpriority risks occurred(specify what risk)Risk : <Add>The monitoring activity to addres the timing risk thathas occurred is an strict monitoring to the schedule ofthe project, this will allow the project manager to copewith the current situation and to make the necessaryadjustments in order to not affect in a significant waythe outcome of the project.

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Term
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Project Risk

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