Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

One of risks you anticipated for project was late delivery of prototype from vendor. You adjusted your project schedule to minimize impact of risk, built in penalty for late delivery, and developed action plans in case vendor delivered late. You also recognized risk with vendor that they have very little technical depth; if key engineer is not available to project, risk of delay is even greater. You find out how you would monitor vendor's performance and make sure a timely delivery. You took very risk-averse, protective approach to relationship, but now, as project is progressing, you are wondering if there is something you could do with vendor to actually advantage project instead of just protecting it.

Risk management plan which describes how you will alter plans or create new plans relative to that vendor to make an opportunity which will result in lower costs, earlier delivery, higher quality, or other positive impacts.

Answer the following problems:

What can you change in plans to develop the opportunity?
What would that opportunity be?
Determine the probability that this opportunity could happen? What is the impact?
prepare down the risks (adverse effect) which are introduced by this change in plans?
How will you communicate this change to vendor?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M931911

Have any Question? 


Related Questions in Project Management

1 calculate the atomic density of ga atom as atom and gaas

1. Calculate the atomic density of Ga atom, As atom, and GaAs atom-pair in GaAs. 2. What is the concentration of that k(boron in liquid and soild Si) = 0.8 and that the Si liquid has 1.0x10 16  boron/cm 3  initially? 3. ...

What is the importance of the cia triangle define each of

What is the importance of the C.I.A. triangle? Define each of its components ? Describe the CNSS security model. What are its three dimensions? What is the definition of "privacy" as it relates to InfoSec? How is this de ...

Part 1this part of the paper requires you to apply your

Part 1 This part of the paper requires you to apply your understanding of project management as a whole through the following scenario. Scenario Assume you've started a small, one-person project management consulting fir ...

A company manufactures three products a b and c by using

A company manufactures three products: A, B and C by using three resources. Each unit of product x takes six man hours and 0 twenty hours of machine capacity and two cubic meter of storage place. Similarly, one unit of p ...

Which of the seta programs three elements-education

Which of the SETA program's three elements-education, training, and awareness-is the organization best prepared to provide itself? Which should it consider outsourcing? How does training differ from education? Which of t ...

Many people say that efficiency and effectiveness metrics

Many people say that efficiency and effectiveness metrics are interrelated and that you can't really have one without the other or that no organization can truly be successful without both. How are efficiency and effecti ...

Taskgiven is the tele-health project answer the questions

Task Given is the Tele-Health project. Answer the questions within the context of that project. Mobile and cloud based solutions should be investigated. Furthermore, data security also needs to be further investigated, w ...

Getting on the right track at general motorsour data tells

GETTING ON THE RIGHT TRACK AT GENERAL MOTORS "Our data tells us that the vehicle owners that don't have a satisfactory dealership repair experience are only half as likely to buy that model car again." Think about the ra ...

Discussionmiddot assess the value of the product

Discussion · Assess the value of the product life cycle as a tool for product succession planning and related product management activities. Give your opinion on whether or not the Product Life Cycle can help health care ...

Starbucks products create a unique coffee

Starbucks' Products Create a Unique Coffee Experience Starbucks was founded in 1971 by three partners in Seattle's renowned open-air Pike Place Market and was named after the first mate in Herman Melville's Moby Dick. Ho ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro