Compiled risk management plan with 1 page addendum and
2-3 page document answering the questions
One of the risks you anticipated for the 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.
You determined how you would monitor the vendor’s performance and ensure a
timely delivery. You took a very risk-averse, protective approach to the
relationship, but now, as the project is progressing, you are wondering if
there is something you could do with the vendor to actually benefit the project
instead of just protecting it.
Assignment Guidelines:
Create a 1-page addendum to your risk management plan that
describes how you will modify the plans or create new plans relative to that
vendor to create an opportunity that will result in lower costs, earlier
delivery, higher quality, or other positive impacts.
Also, answer the following questions:
What can you change in
your plans to create an opportunity?What would that
opportunity be?What is the probability
that this opportunity could occur? What is the impact?What are the risks
(adverse effect) that are introduced by this change in plans?How will you communicate
this change to the vendor?
Your submitted assignment (130 points) must include the
following:
A compiled risk management
plan with your 1-page addendum in itA 2–3 page document
answering the questions aboveSubmit both files as 1
zipped document to the drop box
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