mitigating project risks

Part 1 due in 2 days Write 500–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.

The discussion assignment for this week will be to determine what may be the best risk response for some given situations.

The following Discussion Board research will assist you in determining the correct responses. Research at least 2 sources (which may include your textbook) to support your response.

·  The vendor that you hired is not performing. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.

·  The equipment that you ordered for this project is now a month late. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.

·  The location where the project is being developed has hurricanes that come through the area a few times a year. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.

·  The task effort that was initially estimated is actually going to take three times as long because there is a learning curve involved. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.

Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, and format your submission in APA format.

Part 2 due in 5 days 2000–2,500 words of new content

For this assignment, you will utilize some of the same decision processes and responses that you gave for the Discussion Board assignment to determine a response for each of the risks that you have already identified in the previous weeks. For the higher priority risks, make sure the responses minimize the risks as much as possible.

You will be adding columns to your table (similar to this example) that you started in Week 2.

Like you did last week

Deliverables:

The overall project deliverables are the following:

1.  Update the Key Assignment Document title page with a new date and project name.

2.  Update previously completed sections based on instructor feedback.

3.  Complete “New Content” below, and copy it under the section in the Key Assignment Document that is called “Project Risks Responses Strategy.”

o  New Content

§  Project Risks Responses Strategy

§  Determine the type of response for each identified risk (avoid, transfer, mitigate, or accept).

§  Thoroughly describe what the specific response will be, including any additional tasks to the project plan or a contingency budget where appropriate.

§  Update the table or matrix that you have been summarizing the risks in to include identification of the response (see example in the assignment section).

4.  Be sure to update your table of contents before submission.