Identify the risks associated with the supplier expansion

Assignment Help Risk Management

Reference no: EM131155523 , Length: word count: 1400

Your organization has determined that more resources are required to complete the project's risk management process for the business expansion into a country (china) 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 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:
o Risk reassessment
o Risk audits
o Status meetings

Format your paper and presentation consistent with APA guidelines.

University of Phoenix Material

Risk Project Log

Risk ID	Risk category type	Risk description	Probability of occurrence	Severity of impact

Risk ID	Total risk impact	Risk owner	Risk status	Mitigation plan	Trigger for mitigation plan

Reference no: EM131155523

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