Reference no: EM133525312

You have been hired as a project manager for a software company, ABC Solutions. Their business development team has received a product request from a new client, XYZ Financial Services. They need a custom software solution to streamline some workflows and processes that will be implemented in their offices worldwide. Your company has developed a similar software solution, but the client requires additional features and customization. The new software needs to be ready for a test run at two of the offices in about six months and worldwide rollout in another three months. Your boss, the project director, has asked you to manage this product development project.

ABC Solutions uses the traditional waterfall method for software development. The proposed project schedule should include the following major tasks: determine the software requirements, design, code test, system test, address issues with software, and deliver the prototype. You have been asked to assemble a team with the skills and expertise to perform these tasks.

Before initiating the project, you, the project director, and a software architect meet with the IT director and product manager of XYZ Financial Services to understand their requirements. They explain that the custom software should include three new features, five feature customizations, and a new interface design to match the client's brand colors and logo.

Later, you and some key team members analyze the scope and requirements to arrive at some critical decisions and conclusions. These have been summarized in two project documents:

1. What are three other risks that the project manager should identify and plan for?

2. Describe some mitigation techniques that the project manager could use to alleviate those risks.