Question:
 
Week Two INDIVIDUAL Assignment– Risk Management Project
 
DUE: Day 7, Monday, Assignments Section
 
Risk Management Project – 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 instructor. This has become
 
a strategic project for the organization.
 
Resource: Figure 11-4 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
 
Write a 700- to 1,050-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 (RBS), which outlines the organization’s risk categories. For each category below that applies, explain the risk in summary. Explain the following
 
categories (include all categories in paper, although not all are applicable – explain ALL of them and if they applied to your project, and why or why not. DO NOT just list these in the
 
RBS – explain each choice that applies):
 
Project risks
 
Running Head: RISK MANAGEMENT 2
 
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
 
i. Material availability
 
ii. Lead times
 
iii. Quality
 
Market
 
Post as a MS Word attachment in APA format by Day 7 (Monday) to your Assignments Section. DO NOT separately attach the RBS – include this in the body of the paper.
 
[NOTE: The Written Assignments Grading Criteria applies to this paper – see those under the Course Materials Forum]