How will you communicate this change to the vendor

Assignment Help Marketing Management
Reference no: EM131214047

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 (175 points) must include the following:

A compiled risk management plan with your 1-page addendum in it

A 2 to 3 page document answering the questions above

Objectives:

Compose risk assessments, and discuss techniques for monitoring and controlling risks.

Create and present a risk management plan.

Reference no: EM131214047

Questions Cloud

What is probability that central candidate wins the election : EC302 - Political Economy - Discuss, in light of the papers by Myerson, Lizzeri and Lizzeri and Per-sico, what are the effects of increased political competition on political outcomes - What is the probability that the candidate on the left (with i..
Implications of market values in the future financial : What are the trends and implications of market values in the future financial health of Amazon? Compare market values of quarters 2015?
Write a paper that consists of a very brief marketing plan : Write a 2000 word paper that consists of a very brief marketing plan for either the business you wish to start, or an existing business of your choosing.
End of the payback period : In calculation of a payback period, what use is made of cash flows occurring after the end of the payback period?
How will you communicate this change to the vendor : 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?
Write a report on system analysis and design : Write a report on System Analysis And Design.
How many different blackjack hands are there : In blackjack, the suit of the card is irrelevant to the game. If we do not make a distinction between the different suits, now how many different blackjack hands are there?
Find the probabilities of exactly 3 heads occurred : Find the probabilities of exactly 3 heads occurred; and at least 3 heads occurred; and at least 3 heads and at least 2 tails occurred.
What can be done to improve crm : Explain the way(s) an organization with which you are familiar measures quality and customer satisfaction. What can be done to improve CRM? Lastly, explain how you can personally have a positive impact on customer loyalty in your position.

Reviews

Write a Review

 

Marketing Management Questions & Answers

  How will you tailor your approach to each manager

What do you feel are the strengths and weaknesses of each manager's approach to management. How will you tailor your approach to each manager based on your knowledge of each of them

  Determine the most significant innovation for entrepreneurs

Analyze major technological innovations from the last five (5) years to determine the most significant innovation for entrepreneurs. Provide specific examples of how this new technology has encouraged new business creation or growth

  Increasing sales to channel members

Increasing sales to channel members and efforts to increase personal selling

  Evaluate how organizational functions such as marketing

writea 1050- to 1400-word paper in which you select an organization with which you are familiar and present the

  Which items if purchased might create complementary demand

.product life cycle by having an understanding of the product life cycle businesspeople can make savvy marketing

  Compare the advantages and disadvantages of the survey to

1 nbsp compare the advantages and disadvantages of the survey to those of observation. under which circumstances could

  Functions of marketing management process

Assume you are the Marketing Manager for Target or another brand. How would you apply the four functions of the marketing management process in your role?

  Explain management plan - the little gym

Explain Management Plan - The Little Gym and some examples of globalizations considerations

  Would content from recent articles to e-commerce marketing

Would like content from recent articles about e-commerce marketing. Please cite at least three(3) sources. 400 words discussing your viewpoint on the topic and refer to the content from the articles to support your findings.

  What are area-wide labor-management committees

What are area-wide labor-management committees (AWLMCs)? List their major activities. What is the primary assumption behind the creation of AWLMCs

  Explain what are the impacts of innovation

explain What are the impacts of innovation and technology on business and economy

  Which financial ratios would indicate the discount stores

Your firm is a supplier to a major chain of discount stores. You have heard rumors that this chain of discount stores is in some financial difficulty. Which financial ratios would indicate the discount stores' ability to pay their short-term debts

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd