Determine the expected costs for each named risk

Assignment Help Management Theories

Reference no: EM131267337

Project Overview

Below is the scenario for the course project assignment. You are assuming the role of the project manager for a company (you select the name) to provide a new product (Backpack with built in refrigerated pouch and radio module) to a customer ( U.S. Army, Ground Forces and Special Operations). Each week you will be presented additional information on the project and will be required to produce a weekly deliverable in support of the project.

The course project is designed to address the course objective as well as incorporate each of the weekly modules objectives. You will be required to submit a final paper on the project addressing all of the objectives described in the project summary.

Scenario

Your company was recently awarded a delivery contract on a new product (see below). You were newly hired by the company; you will assume the role as the assigned program manager overseeing the design, development, production and delivery of the new product. The details below provide a summary to the course project:

Company type (name your company): A small defense contractor located in the United States of America
Company size (employees): 100
Product: Backpack with built in refrigerated pouch and radio module
Awarded quantity: 200 units (100 assigned to Ground Forces / 100 assigned to Special Operations)
Program Budget: Proposed award: $1,500,000
Customer: U.S. Army, Ground Forces and Special Operations
Award date: September 1, 2015
Completion date: March 1, 2017
Delivery schedule: 100 units 12mths ARO (after receipt of order). 50 units every 3 months after first delivery

Milestone Schedule:

First delivery: September 1, 2016
Second delivery: December 1, 2016
Last delivery: March 1, 2017
First milestone payment (from customer): October 30, 2015
Second Milestone payment: January 30, 2017
Final Milestone payment: May 30, 2017
Initial Program review (at the customer's site): November 16, 2015
Subsequent Program reviews: 6 months after the initial review

Expected Result from Senior Management:

On-time delivery for the three stated product deliverables
Desire to complete the total program under the stated budget of $1,500,000
All milestones accomplished by due dates listed
Supplemental (follow-on) contract for future additional units (backpacks)

Fill out the project risk assessment matrix (template linked below). Be sure to include the following information in the matrix:

Identify and name at least three risks and name them (Risk name)
Determine the expected costs for each named risk
Determine the Risk Probability for each named risk
Factored Risk Value (should automatically calculate using the provided template)
Determine the Risk Impact to project (using drop down menu in the provided template)
Provide the Risk Mitigation Plan
Provide the Expected Risk retire date (when the risk is no longer a risk)

Attachment:- Assignment.rar

Reference no: EM131267337

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