The risk management plan is assesed with the following terminology:
Likelihood
Very likely
Likely
Possible
Unlikely
Very Unlikely
Impact
High
Moderate
Low
Risk | Likelihood | Impact | Mitigation |
|---|---|---|---|
Failure to secure advanced RPAS licence | Very Unlikely | High | Get advanced RPAS licence at first available opportunity. At the time of writing, the advanced RPAS licence has been acquired. |
Insufficent funding | Unlikely | Moderate | Set budget and sufficient funding has been secured in advance of the competition (at the time of writing, 15k has been secured). Unforeseen expenditures may be temporarily covered by team members before requesting additional funding in future academic terms |
Project Delays | Moderate | Moderate | Account for delays when creating timeline Set key milestones to sprint the team |