QUESTION DESCRIBE THE POSSIBLE CONSEQUENCES OF NOT MANAGING RISKS EFFECTIVELY WHEN IMPLEMENTING PROJECT MANAGEMENT PRACTISES IN AN ORGANIZATION “NEW ADELAIDE OVAL” This organization ‘New Adelaide...

QUESTION
DESCRIBE THE POSSIBLE CONSEQUENCES OF NOT MANAGING RISKS EFFECTIVELY WHEN IMPLEMENTING PROJECT MANAGEMENT PRACTISES IN AN ORGANIZATION “NEW ADELAIDE OVAL”
This organization ‘New Adelaide Oval’ is just an organization I thought of, to complete this assignment create 500 words to describe the question using the below attributes
ORGANIZATION ATTRIBUTES
1.    Type of Organization- Public sector (state government) “New Adelaide Oval”
2.    Employees – 1000 Employees
3.    Sector – Services
4.    Age of Organization- 10 years
5.    Organization process assets – OPA (LOW)
6.    Level Project Management Maturity – PMM- 3
7.    Appetite for Risk- Risk Appetite Low
8.    Operational Budget – $100Million
9.    Capital Budget - $10 Million
10.    Impact of Changes to Environmental factors – IEF(HIGH)
11.    Number of Locations – Locations 3 this includes , (1 stadium and 2 Main offices in Melbourne and Sydney tickets sales)
Use PMBOK to understand the terms above too
LEARNING RESOURCES
Project Management Institute (n.d.). Real-world risk management. Retrieved from