Project Summary Risk Report

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Project summary risk report
Submission date:
Period: Prior to purchase
Car purchase
12/13/12012
Summary of Extreme or High risks
Risk
Risk treatment and
Risk description
Responsibility
number
control summary
Pay attention to interest
rates and be sure to
include all taxes into the
total cost of the car.

1

2

3

Taxes

Plates are either
purchased new or
transferred over. The cost
should also be added to
the total cost of the car.

Plates

Maintenance
4

Warranty

Buyer

Buyer
Foreign cars will cost
more to maintain, make
sure that research is done
so that maintenance is
affordable. Also, keep up
maintenance to retain
value.

Buyer

Research warranties.
Some are 30k miles,
Dealership
while some are 100k
miles. How long do plan
on owning the car? Longterm ownership should
think about a longer
warranty.

Commentary on significant changes during the period:
Value of car depreciates when it is driven from the dealership, make sure that the integrity of the car is maintained to retain a higher trade-in value.
Commentary on the status of the Risk Management system in the project: Measuring the risk and managing the purchase by shopping around and comparing all risks involved. The measurements should give you an idea of which direction to head in as far as which car you can and should purchase. A (needs and wants) comparison should also be done.

Project Manager: Mr. Joe

Reviewer:

Date:12/13/2012
Date: 12/13/2012
Attachments: Risk Action Plan summaries for Extreme and High risks

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