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.
Write a 1,375- 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.
Individual Assignment: Risk Management Breakdown Structure Paper
Purpose of Assignment
The purpose of this assignment is to ensure that students understand how risk management fits into project management and risk management methodology. Students need to know sources of risk in order to identify risk. A great tool to use to assist risk identification is a Risk Breakdown Structure (RBS) template. Organizations with mature project management offices more than likely have a standardized RBS template. If the organization does not have a template, it is easy to search on the internet to find a RBS to modify and meet the requirements of the project.
Grading Guide
| Content | Met | Partially Met | Not Met | Comments: |
| The student bases this assignment on an organization with which they are familiar. | ||||
| The student describes the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project. | ||||
| The student describes various information sources that may be used by the project team for risk identification. | ||||
| The student identifies and describes the risk management documentation that will be required for the project (examples include RMP and risk management log or register). | ||||
| The student creates a risk breakdown structure that outlines the organization’s risk categories. | ||||
| The student considers the categories listed on the assignment in a bulleted list. | ||||
| The paper is 1,400 to 1,750 words in length. | ||||
| Total Available | Total Earned | |||
| 10.5 | #/10.5 |
| Writing Guidelines | Met | Partially Met | Not Met | Comments: |
| The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. | ||||
| Intellectual property is recognized with in-text citations and a reference page. | ||||
| Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. | ||||
| Sentences are complete, clear, and concise. | ||||
| Rules of grammar and usage are followed including spelling and punctuation. | ||||
| Total Available | Total Earned | |||
| 4.5 | #/4.5 |
| Assignment Total | # | 15 | #/15 | |
| Additional comments:
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