Reference no: EM131897360

Assignment

Case: Altex Corporation

BACKGROUND

Following World War 11, the United States entered into a Cold War with Russia. To win this Cold War, the United States had to develop sophisticated weapon systems with such destructive power that any aggressor knew that the retaliatory capability of the United States could and would inflict vast destruction.

QUESTIONS

1. Why was a risk management plan considered unnecessary?

2. Should risk management planning be performed in the proposal stage or after contract award, assuming that it must be done?

3. Does the customer have the right to expect the contractor to perform risk analysis and develop a risk management plan if it is not called out as part of the contractual statement of work?

4. Would Altex have been more interested in developing a risk management plan if the project were funded entirely from within?

5. How effective will the risk management plan be if developed by the project manager in seclusion?

6. Should the customer be allowed to participate in or assist the contractor in developing a risk management plan?

7. How might the Army have responded if it were presented with a risk management plan early during the R&D activities?

8. How effective is a risk management plan if cost overruns and schedule slippages are always allowed?

9. How can severe optimism or severe pessimism influence the development of a risk management plan?

10. How does one develop a risk management plan predicated upon needed advances in the state of the art?

11. Can the sudden disclosure of a risk management plan be used as a stopgap measure to prevent termination of a potentially failing project?

12. Can risk management planning be justified on almost all programs and projects?

Attachment:- Altex-Corporation-Case-Study.rar