Competency

Analyze approaches to project risk management techniques used to assess and control project risk.

Scenario Information

AYou are assuming the role of the project manager for a company called SuperPacks to provide a new backpack product with a built-in refrigeration pouch and radio module. Your customer for this project is the U.S. Army, Ground Forces and Special Operations. As the project manager for your team, you will be submitting to your manager a project management report.

Instructions

Risk Matrix

As a project manager for this company, you are to analyze the risks associated with the project. Risks should be identified and defined as cost, probability, impact, and mitigation plans for each risk. Below, you are to provide a risk assessment for the project based on the criteria and template provided.

• Identify and name at least three risks and name them (risk name).
• Determine the expected costs for each named risk.
• Determine the risk probability for each named risk.
• Include factored risk value (should automatically calculate using the Risk Assessment Matrix template).
• Determine the risk impact to project (using the drop-down menu in the Risk Assessment Matrix template).
• Provide the Risk Mitigation Plan.
• Provide the expected risk retire date (when the risk is no longer a risk).

Topic: Justice-Based Thinking

1. Read an opinion piece in your local newspaper, or a well-known newspaper you regularly read (like the Wall Street Journal or the Washington Post). Describe the ways that the author appeals to the fairness of the process — assuring notice and voice for those affected.
2. In what ways did the author assure the voices of the least-advantaged people were recognized?
3. How did the author present the balance between the people affected versus the organization/institution/group involved?

Cite and reference your primary source, and refer to other readings (your text is adequate, but additional sources are even better) to support your analysis.