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Your organization has determined that more resources are required to complete the project's risk management process for the business expansion into a country (china) approved by your instructor. Your team has been asked to perform a risk analysis, develop risk responses, and determine how the project will monitor and control risks.
Resources: Risk Breakdown Structure from Week 2, University of Phoenix Material: Risk Project Log, and Organization selected for the Week 2 Individual AssignmentWrite a 1,050- to 1,400-word paper in which you do the following: • Identify the risks associated with the supplier expansion. Document those risks in the Risk Project Log template. • Perform a qualitative risk analysis using risk probability and impact analysis. • Perform quantitative risk analysis. • Determine and document the criteria used to determine which risks will have a risk response plan. • Outline the timing--when and how often--of the risk management process in the project life cycle, including risk monitoring and controlling processes.
Consider the following: o Risk reassessmento Risk auditso Status meetings
Format your paper and presentation consistent with APA guidelines.
University of Phoenix Material
Risk Project Log
Risk ID
Risk category type
Risk description
Probability of occurrence
Severity of impact
Total risk impact
Risk owner
Risk status
Mitigation plan
Trigger for mitigation plan
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