Order Risk Response Matrix Assignment

Order Risk Response Matrix Assignment
The Food Club, Gujarat, India, authorized a project to design a wellness program with the expectations of long-term benefits for both employees and the company.
Organizational need: It is expected to reduce employee turnover, increase motivation and engagement, reduce absenteeism, manage chronic diseases in the workplace, create an attractive work culture and enhance the corporate image while improving the employees’ productivity.
Social needs: The result of this project will be precisely focused on improving each employee’s mental and physical health, which will lead to gaining a work-life balance.
2. Measurable Project Objectives and Related Success Criteria
Measurable Project Objectives
Related Success Criteria
1. Reduce employee turnover
Reduce employee turnover by 5% in 2022 and 10% by 2023.
2. Reduce absenteeism among employees
Reduce employee absenteeism by 2% immediately.
3. Significantly reducing work-related stress among employees.
Reduce work-related stress by at least 5%.
4. Improve employee productivity.
Increase employee productivity by 5%.
5. Increasing employee morale and loyalty.
Increase employees’ loyalty to the company and gain a high program participation rate.
6. Create an attractive work culture.
Gain a high job applying rate through job banks.
Note: The above-mentioned success criteria can be measured through employee surveys and reviews, customer surveys, employee interviews, and record analysis.
3. High-Level Requirements
1. Project Charter Approval
2. Health care contract approval
3. Change implementation Plan approval
4. Budget approval
4. High-level Project Boundaries and Key Deliverables
Project boundaries
The wellness program would consist of training, Zumba, meditation, yoga, program launch, health care for employees, free consultation for families, and third party contract for doctor (physiotherapist, physiologist) appointments.
However, it does not include physicians, medical tests, medicines, financial support, ENT, dental, and bonus payments.
Key Deliverables
The main deliverables are project charter, project master plan, scope statement, budget, risk management plan, designing the wellness plan, and conducting an employee survey.
5. Overall Project Risk
There might be a posibility that a wellness program transition not met the expectation along with a significant risk of financial benefit as a result of improved health. There can be a risk of not finding a health team in the covid situation, and also, health care insurance premiums might be expensive. In addition, there may be a risk of time management in terms of planning and launching the initial design and the pilot program.
6. Summary Milestone Schedule
No.
Milestone
Date
1.
Initial discussion with CEO, directors, and the managers
Due on 10/10/2021
2.
Conduct an employee survey to identify designing requirements and set goals.
Due on 15/11/2021
3.
Project charter preparation and get the approval
Due on 20/11/2021
4.
Connect with clinic staff, insurance agent, training coach, motivational guest speaker, and the gym owner to get the best packages, appointments, and reservations
Due on 05/12/2021
5.
Get approval from the finance department for each criterion
Due on 10/12/2021
6.
Project master plan and risk management plan approval
Due on 15/12/2021
7.
Launch and begin a three-month pilot program
Start on 02/01/2022
8.
Estimated completion of the pilot program
Due on 31/03/2022
7. Pre Approved Financial Resources
(All values are in Indian Rupees.)
Initial Research expenses = 10,000
Wellness program designing fees = 60,000
Three months pilot program = 190,000
260,000 (Approximately CAD 4,350)
8. Key Stakeholder List
Internal/ External
Position/Organization
Role in the Project
Internal
CEO
Approving the project
Internal
Project Manager
Monitor the project overall (resources, progress, budget, and deadlines)
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