risk EmV (2)

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School

Conestoga College *

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Course

8370

Subject

Finance

Date

Apr 3, 2024

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docx

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2

Uploaded by CommodoreSwanMaster347

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PRACTICAL ASSIGNMENT 3 – UPDATE COST TABLE AND IMPACT TABLE HERE Project Context Group Number 5 Group Members Present & Student Number Joel Komarapu – 8939097 Prasidhaa Parameswary-8927368 Sai Sree-8943429 Sneha Kishor-8895982 Group Members Absent & Student Number Project Description The initiative entails planning a charity event with the goal of bringing attention to and encouraging support for mental health concerns. The occasion will provide a forum for dispelling stigma around mental health issues and educating the public about them. Additionally, money will be raised for projects and groups that promote mental health research, advocacy, and support services. Project Priorities Accept: Baseline Budget: Allocate resources to cover event expenses, venue, catering, marketing, and logistics. Fundraising Goal: Establish a goal sum for fundraising at the event in order to help organizations and charities that promote mental health. Enhance: Project Duration: Optimize the project timeline for efficient planning, preparation, and execution of the charity gala. Constrain: Risk Reserve: Reduce monetary risks by setting aside a portion of the base budget as a reserve for unanticipated problems or event-related costs. Event Date March 28, 2024 (provides sufficient time for planning and executing the project) Project Duration 6 weeks (ends a week before the event date) Baseline Budget $200,000 (sufficient for numerous expenses of the project) Risk Reserve 12% of Baseline Budget ($24,000) Cost Table (Add information for your project costs here) Cost Description Rate Frequency / Duration / Unit venue 20000 1 unit Food and drinks 15000 1 unit MGMT8370 Conestoga College W24
PRACTICAL ASSIGNMENT 3 – UPDATE COST TABLE AND IMPACT TABLE HERE Marketing 2000 5 days Logistics 8000 1 unit Guest speaker fees 5000 1 day Use the Practical 2 feedback to populate/update the impact table below. Impact Rating Cost Time (Specify time measure) 1 – Low 12% of Baseline Budget ($24,000) >1 week 2 - Medium $9600 - $14,400 (40% - 60%) 1-3 weeks 3 – High $14,440 - $24,000 (60% - 100%) < 3 weeks MGMT8370 HEAT MAP Threats Opportunities Probability 60-100% High 2 Med 3 High 3 High 3 High 3 High 2 Med 60% - 100% High Probability 40% - 60% Medium 2 Med 2 Med 3 High 3 High 2 Med 2 Med 41% - 60% Medium 1% - 40% Low 1 Low 2 Med 2 Med 2 Med 2 Med 1 Low 1% - 40% Low 1 - Low 2 – Med 3 - High 3 - High 2 – Med 1 - Low Impact MGMT8370 Conestoga College W24
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