Your organization has determined that more resources are required to complete the project's risk management process for the business expansion into a country (china) 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.
Resources: Risk Breakdown Structure from Week 2, University of Phoenix Material: Risk Project Log, and Organization selected for the Week 2 Individual Assignment
Write a 1,050- to 1,400-word paper in which you do the following:
• 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 criteria used to determine which risks will have a risk response plan.
• Outline the timing--when and how often--of the risk management process in the project life cycle, including risk monitoring and controlling processes.
Consider the following:
o Risk reassessment
o Risk audits
o Status meetings
Format your paper and presentation consistent with APA guidelines.
University of Phoenix Material
Risk Project Log
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Risk ID
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Risk category type
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Risk description
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Probability of occurrence
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Severity of impact
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Risk ID
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Total risk impact
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Risk owner
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Risk status
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Mitigation plan
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Trigger for mitigation plan
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