Your organization has determined that more resources are required to complete the project’s risk management process for the expansion into China or another country 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.
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
Explain the following aspects of a risk, use an example for each:
Source
B. Event
C. Consequence
D. Probability
