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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.
Write a 800- 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 techn iques, 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
Manufacturing concerns
Logistics
Maintainabilit