Risk Management Paper

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cpmgt302_r8_risk_project_log.doc

Risk
Management – Due Sunday June 28th

Apply this assignment using the organization you have selected in Week 2.

Your organization has determined that more
resources are required to complete the project’s risk management process
for the expansion into China or another 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.

Resource: Risk Breakdown Structure from Part I and UoP Material: Risk Project Log (attached above)

Write a 1,050- to 1,400-word paper in which you do the following: 

  • Identify the risks associated with the supplier expansion. Document those risks in the Risk Project Log template. 
  • 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