Part A- 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 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 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
-Production risks
- Manufacturing concerns
- Logistics
- Support risks
- Maintainabilit
- Warranty
-External risks
- Procurement
- Material availability
- Lead times
- Quality
- Market
Include a reference page (with peer reviewed references) and a conclusion section.
Format your paper consistent with APA guidelines.
Part B- Continue using the organization you have selected in Part A.
Your organization has determined that more resources are required to complete the project's risk management process for the business expansion into a 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.
Resources: Risk Breakdown Structure from Week 2, University of Phoenix Material: Risk Project Log, and Organization selected for the Week 2 Individual Assignment
Write a 10-12 slide PowerPoint presentation in which you do the following:
-Identify the risks associated with the supplier expansion. Document those risks in the Risk Project Log template and include it in the slide.
-Perform a qualitative risk analysis using risk probability and impact analysis.
-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.
Part C- Write a 800- to 1,050-word paper in which you do the following:
- Describe the project procurement planning process.
- Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.
- Explain the various contract types and describe who--buyer or seller--has the most at risk for each contract type.
- Describe a source selection criterion that would be applicable to any project and identify three criteria that would apply to most projects.
- Analyze the ethical concerns that should be considered when identifying source selection criteria.
- Explain the role of risk management in the procurement planning process.
Format your paper consistent with APA guidelines.
Part D- Write a 12- to 15-slide presentation in which you explain the process for conducting and closing procurements. Include the following:
-Outline and explain high-level process steps for conducting project procurements.
-Outline and explain contract administration policies and procedures.
-Describe tools and techniques for the contract administration process, including the following:
- Contract change control process
- Procurement performance reviews
- Inspections and audits
- Performance reporting
- Payment process (n/30, n/60, and so forth)
- Records management system (RMS)
- Describe conflict resolution techniques used while managing contractual relationships.
-Outline steps to be taken to close out project procurements.
-Explain the importance of closing project procurements and accounts.
-Examine external influences on the procurement and risk management process.
-Analyze the relationship between the risk response plan and the external influences.
-Format your presentation consistent with APA guidelines.