Risk Management Breakdown Structure Paper
Select an organization you are familiar with as the basis of the paper.
Read the following scenario for the
selected organization:
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 1,400- to 2,100-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.
Createa risk breakdown
structure, which outlines the organization’s risk categories. See Figure 11-4
in the PMBOK® Guide. 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 - Maintainabilit
- Warranty
- External
risks
- Procurement
- Material
availability - Lead
times - Quality
- Market
Formatyour paper consistent with APA guidelines.
Week 3
Risk Management Paper
Continue using the organization you have selected in Week 2.
Your organization has determined that
more resources are required to complete the project’s risk management process
for the expansion into China or another country approved by your instructor.
Your team has been asked to perform a risk analysis, develop risk responses,
and determine how the project will monitor and control risks.
Resource:Risk Breakdown
Structure from Part I and University of Phoenix Material: Risk Project Log
Writea 1,050- to
1,400-word paper in which you do the following:
- Identify
the risks associated with the supplier expansion. Document those risks in
the Risk Project Log template.
- Perform
a qualitative risk analysis using risk probability and impact
analysis.
- Perform
quantitative risk analysis.
- Determine
and document the criteria used to determine which risks will have a risk
response plan.
- Outline
the timing–when and how often–of the risk management process in the
project life cycle, including risk monitoring and controlling processes.
Consider the following:
- Risk
reassessment - Risk
audits - Status
meetings
Format your paper and presentation consistent with
APA guidelines.
Week 4
Procurement Planning Paper
Write a 1,050- to 1,400-word paper in which you do the following:
- Describe
the project procurement planning process. See Section 12.1 in the PMBOK®Guide.
- Identify
the most valuable output of the plan procurement process and explain why
you believe it is most valuable.
- Explain
the various contract types and describe who–buyer or seller–has the most
at risk for each contract type.
- Describe
a source selection criterion that would be applicable to any project and
identify three criteria that would apply to most projects. See Section
12.1.3.5 in thePMBOK® Guide.
- Analyze
the ethical concerns that should be considered when identifying source
selection criteria.
- Explain
the role of risk management in the procurement planning process.
Format your paper consistent with APA guidelines.
Week 5
Contracting Process Paper
Write a 1,400- to 1,750-word paper in which you explain the process for
conducting and closing procurements. Include the following:
- Outline
and explain high-level process steps for conducting project procurements. - Outline
and explain contract administration policies and procedures. - Describe
tools and techniques for the contract administration process, including
the following:
- Contract
change control process - Procurement
performance reviews - Inspections
and audits - Performance
reporting - Payment
process (n/30, n/60, and so forth) - Records
management system (RMS)
- Describe
conflict resolution techniques used while managing contractual
relationships. - Outline
steps to be taken to close out project procurements. - Explain
the importance of closing project procurements and accounts. - Examine
external influences on the procurement and risk management process. - Analyze
the relationship between the risk response plan and the external
influences.
Formatyour
paper consistent with APA guidelines.
