QuestionRisk involves uncertainty, the lack of knowledge of

11 May QuestionRisk involves uncertainty, the lack of knowledge of

Posted at 14:24h in 2General studies by Past Papers

Question

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)

Create a 10-12 slide PowerPoint presentation 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, which outlines the organization’s risk categories and include this in the presentation. See Figure 11-4 in the PMBOK® Guide. Consider the following categories:

? Project riskso Businesso Contract relationships with customers and supplierso Managemento Political

? Organizational risks

? Project management risks

o Cost estimates

o Schedule estimates

o Communication

? Technical risks

? Production riskso Manufacturing concernso Logistics

? Support riskso Maintainabilityo Warranty

? External riskso Procurement

? Material availability

? Lead times

? Qualityo MarketCreate speaker notes that illustrates your paper.Provide a reference pageFormat your references consistent with APA guidelines.Provide a strong conclusion for the presentation.Use a good mix of peer and non-peer-reviewed references with correct citations in your slides and notes. Write all papers/presentations in 3rd person.

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