Reference no: EM13617207

One of the risks you anticipated for a project was the late delivery of the prototype from the vendor. You adjusted your project schedule to minimize the impact of the risk, built in a penalty for late delivery, and created action plans in case the vendor delivered late. You also identified a risk with the vendor, that they have very little technical depth. If the key engineer is not available to your project, the risk of a delay is even greater. <br/> <br/>Describe how you will interact with the vendor in managing these two risks: <br/> <br/>How will you monitor the engineer''s availability risk? <br/> <br/>How will you measure the vendor''s progress? <br/> <br/>What information will you ask them to share with you? How frequently? <br/> <br/>How will you know if the situation is becoming critical? What will you do?