Homework
Read the case titled: "Risk Management on a Satellite Development Project" found in Chapter 10.
Text Book: Contemporary Project Management by Timothy J. Kloppenborg, Third Edition.
Write a 6 to 8 pages paper in which you:
1) Suggest the issues that could have developed had the team not had a risk plan. Determine the major impacts of risk that the team needs to understand for the project to be successful.
2) Justify the value of risk plan considering the time, effort, cost, and resources it took to develop such a plan. If you were the project manager, recommend the approach that you would take to ensure the project met the critical path identified.
3) Assess how to determine the level of risk management appropriate for a project.
4) Imagine the team working on the satellite development project was a virtual team in which team members were unable to meet in person. Explain the expected impact on the project, and suggest two ways the team could maintain its current goal in both planning and execution.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.