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Risk involves uncertainty, the lack of knowledge of future
events, and the measures of profitability and consequences of
not achieving the project goal. Your organization has decided
that, to be successful in the global economy, it must expand its
supply base into China or another country approved by your
faculty member. This has become a strategic project for the
organization.
Select
an organization with which you are familiar as the basis of the
paper.
Write
a 1,400- to 1,750-word paper in which you address the
following risk management items for this supplier global
expansion project:
Describe the objectives and goals, tools and techniques, and
organizational roles and responsibilities for effective risk
management for the project.
Describe various information sources that may be used by the
project team for risk identification.
Identify and describe the risk management documentation that
will be required for the project. Examples include RMP and risk
management log or register.
Explain the role of risk management in the project planning
process.
Create
a risk breakdown structure that outlines the organization's risk
categories.
Consider
the following categories:
Project risks
Business
Contract relationships with customers and suppliers
Management
Political
Organizational risks
Project management risks
Cost estimates
Schedule estimates
Communication
Technical risks
Production risks
Manufacturing concerns
Logistics
Support risks
Maintainability
Warranty
External risks
Procurement
Material availability
Lead times
Quality
Market
Format
your paper consistent with APA guidelines.
Submit
your paper and risk breakdown structure.
Resources
Center for Writing Excellence
Reference and Citation Generator
Grammar Assistance
Risk involves uncertainty, the lack of knowledge of future event.docx

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Risk involves uncertainty, the lack of knowledge of future event.docx

  • 1. Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of not achieving the project goal. Your organization has decided that, to be successful in the global economy, it must expand its supply base into China or another country approved by your faculty member. This has become a strategic project for the organization. Select an organization with which you are familiar as the basis of the paper. Write a 1,400- to 1,750-word paper in which you address the following risk management items for this supplier global expansion project: Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project. Describe various information sources that may be used by the project team for risk identification. Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register. Explain the role of risk management in the project planning process.
  • 2. Create a risk breakdown structure that outlines the organization's risk categories. Consider the following categories: Project risks Business Contract relationships with customers and suppliers Management Political Organizational risks Project management risks Cost estimates Schedule estimates Communication Technical risks Production risks Manufacturing concerns Logistics
  • 3. Support risks Maintainability Warranty External risks Procurement Material availability Lead times Quality Market Format your paper consistent with APA guidelines. Submit your paper and risk breakdown structure. Resources Center for Writing Excellence Reference and Citation Generator Grammar Assistance