Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project.

Select an organization you are familiar with as the basis of the paper. Read the following scenario for the selected organization: Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of

Select an organization you are familiar with as the basis of the paper.

Read the following scenario for the selected organization:

Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of not achieving the project goal. Your organization has decided that to be successful in the global economy it must expand its supply base into China or another country approved by your instructor. This has become a strategic project for the organization.

Resource: Figure 11-4 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)

Write a 1,400- to 2,100-word paper in which you address the following risk management items for this supplier global expansion project:

  • Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project.
  • Describe various information sources that may be used by the project team for risk identification.
  • Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register.
  • Explain the role of risk management in the project planning process.

Create a risk breakdown structure, which outlines the organization’s risk categories. See Figure 11-4 in the PMBOK®Guide. Consider the following categories:

  • Project risks
    •  Business
    • Contract relationships with customers and suppliers
    • Management
    • Political
  • Organizational risks
  • Project management risks
    • Cost estimates
    • Schedule estimates
    • Communication
  • Technical risks
  • Production risks
    • Manufacturing concerns
    • Logistics
  • Support risks
    • Maintainabilit
    • Warranty
  •  External risks
    • Procurement
      • Material availability
      • Lead times
      • Quality
  • Market 

Format your paper consistent with APA guidelines. Remember that all APA papers for this course requi

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.