Develop a risk management plan


Introduction:

Based on the scenario given in Assessment, you are now presented with many issues (to build your client's home):

A) The performance of your subcontractors and vendors are not satisfactory and is directly impacting the quality of their work performed. You realize that you haven't instituted proper reporting procedure to be followed by your subcontractors and vendors.

B) You are unable to make informed decisions as you don't have the data to objectively manage your subcontractors and vendors

C) You have failed to develop a risk management plan to assess all risks that could affect your project

D) You now realize that you lack leadership capabilities to successfully manage this project

Your tasks:

Write a report to your senior management explaining your action plans to overcome all the issues highlighted above. For each of the issue, you are expected to:

A) Propose necessary actions that must be taken by way of implementing the appropriate project management processes

B) Provide examples of how these new control measures are to be implemented

You are also expected to include the following in your report:

1. A brief executive summary

2. An explanation of an effective and efficient project review and reporting mechanism for monitoring and controlling purposes

3. The demonstrated use of the seven quality control tools (7QC) tools (and / or other quality tools) to generate subcontractor / vendor performance data (provide examples - these could be fictitious but practical data)

4. An explanation of an effective risk management plan

5 An explanation of the appropriate leadership style that you could adopt to manage this project successfully

6. A conclusion section

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