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)
Create a 10-12 slide PowerPoint presentation 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 and include this in the presentation. See Figure 11-4 in the PMBOK® Guide. Consider the following categories:
? Project risks
o Contract relationships with customers and suppliers
? Organizational risks
? Project management risks
o Cost estimates
o Schedule estimates
? Technical risks
? Production risks
o Manufacturing concerns
? Support risks
? External risks
? Material availability
? Lead times
Create speaker notes that illustrates your paper.
Provide a reference page
Format your references consistent with APA guidelines.
Provide a strong conclusion for the presentation.
Use a good mix of peer and non-peer-reviewed references with correct citations in your slides and notes. Write all papers/presentations in 3rd person.