Select an organization you are familiar with as the basis of the
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
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
- Contract relationships with customers and suppliers
- Organizational risks
- Project management risks
- Cost estimates
- Schedule estimates
- Technical risks
- Production risks
- Manufacturing concerns
- Support risks
- External risks
- Material availability
- Lead times
Format your paper consistent with APA guidelines.