CPMGT 302 Week 3 Risk Management Paper

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CPMGT 302 Week 3 Risk
Management Paper

Agree on using one of the organizations individual team members
used 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

 Write a 1,050- to 1,400-word paper in which you do the

  • 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

  • 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.

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