CPMGT 302 Week 2 Risk Management Breakdown Structure Paper

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CPMGT 302 Week 2 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.



Create a
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 



Format your paper consistent with APA guidelines.
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