Assignment
Part A
• What can you change in your plans to create an opportunity?
• What would that opportunity be?
• What is the probability that this opportunity could occur? What is the impact?
• What are the risks (adverse effect) that are introduced by this change in plans?
• How will you communicate this change to the vendor?
Part B
• What competencies were you able to develop in researching and writing the Comprehensive Project due in Unit 5? How did you leverage feedback from your peers in the Discussion Board for Units 1- 4 in completing the Project? How will these competencies and knowledge support your career advancement in management?
• An important skill to possess for risk management is the ability to recognize your own biases. How do you believe this knowledge will assist you in the risk management process?
• When a risk event occurs in a project what steps do you believe should be taken to address the risk? Provide an example.