CPMGT 302 Week 2 Individual Assignment Risk Management Project

CPMGT 302 Week 2 Individual Assignment Risk Management Project

For YOUR chosen 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 management team for risk identification.

Identify and describe the risk management documentation that will be required for the project. Examples of risk management documentation include: RMP, risk management log or register, and so on.

Explain the role of risk management in the project planning process. (This should cover some of what we discussed in class already.)

The risk breakdown structure outlines the organization’s risk categories – include at least BRIEF analysis of all 7 categories and subcategories … even if they do not apply to this project expansion.

RBS categories to explore:

  1. Project risks
    1. Business
    2. Contract relationships with customers and suppliers
    3. Management
    4. Political
  2. Organizational risks
  3. Project management risks
    1. Cost estimates
    2. Schedule estimates
    3. Communication
  4. Technical risks
  5. Production risks
    1. Manufacturing concerns
    2. Logistics
  6. Support risks
    1. Maintainability
    2. Warranty
  7. External risks
    1. Procurement
  1. Material availability
  2. Lead times
  • Quality