InstructionsProject ClosingIn this unit, you will submit your entire project plan, making any changes based on your instructor’s feedback in addition to adding Section 5 on project closing.In this uni
Unit VII: Risk Assessment Matrix
Rebecca Parks
Unit VII: Risk Assessment Matrix
Risk Identification
Ignoring the wishes put forward by the donors of the funds.
Failure to measure up to the laws of the charitable registration.
Making desperate statements while requesting funds from donors.
Mistaken identity.
Unclear details about the project objectives and how to meet them.
Disrespecting the donors without intent.
Missing transparency in implementing the project's objectives.
Ignoring the mistakes that occur during the implementation process.
Not informing the team properly on the fundraising process.
Having expectations that are unrealistic about the outcomes.
Mitigation Strategies
Taking into account every wish by the donor that is worthy of implementing so that the donor is well satisfied.
Ensuring that every step of the project aligns with the laws and regulations put forward by the charitable registration.
Avoiding personal and desperate statements when drafting the requisition letter for the funds from the donors.
Conducting proper research to determine that no other philanthropic organization has used our project name before. If there is any misconduct by an organization that has used a similar name, our request may lose credibility before the donors.
Create a memorandum of understanding between the project team and the donors so that every detail is given clearly for accountability purposes.
Some actions like unnecessarily contacting the donors at odd hours of the day or night and over-calling may often seem disrespectful. Avoiding such calls will ensure the donors have our trust. It is the best step to take.
To keep transparency at bay, the management will be asking the donors whatever information they would like to know about the project. A piece of detailed information is presented to them upon their request.
If a mistake occurs within the duration of the objective implementation, the management will be taking the time to dig into the root cause of the problem and solve it as soon as possible.
Ensuring that every employee on the project is well equipped with the fundraising information to ensure everyone in the team is on the same page.
Ensuring that we give practical and realistic expectations regarding the goals of the project’s objectives. With such kind of a trend, the organization can avoid unnecessary failures.
