AROKA ONLY- 3 ASSIGNMENTS BY SUNDAY AT 4 PM EST

risk_matrix_assignment.docx

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Risk Matrix

Fill out the project risk assessment matrix (template attached). Be sure to include the following information in the matrix:

· Identify and name at least three risks and name them (Risk name)

· Determine the expected costs for each named risk

· Determine the Risk Probability for each named risk

· Factored Risk Value (should automatically calculate using the provided template)

· Determine the Risk Impact to project (using drop down menu in the provided template)

· Provide the Risk Mitigation Plan

· Provide the Expected Risk retire date (when the risk is no longer a risk)

Please refer to your initial week 1 memo and week 2 assignment where risks and mitigation solutions were discussed which Risks were carried forward from initial manager’s memo but needed added substance. You will have to expand comments on these bullets:

Financial

Inflation

Delay

AND

You had only one+ page devoted to covering your responses to the unexpected events presented. I thought you could have expanded all three recommended response sections. You indicated that you would accept the delayed three-month payment but didn’t review financing options. What about a customer meeting here? You should consider looking for an alternative material supplier when encountering the event as well as possible negotiation of the project timeline milestones. Where was the substance on the four areas impacted by each scenario? (THESE ARE PROFESSOR’S SUGGESTIONS AND WILL NEED TO BE DONE FOR THIS ASSIGNMENT)!!!!

I expect to see these addressed plus others that you may have overlooked. There are placeholders for 10.

3. You will need some creativity in coming up with costs and probabilities

4. Make sure you include your mitigation strategies as well as the "retire" date.

My Company name is Boecore- and the rest of the information for the assignment is below

Scenario

Your company was recently awarded a delivery contract on a new product (see below). You were newly hired by the company; you will assume the role as the assigned program manager overseeing the design, development, production and delivery of the new product. The details below provide a summary to the course project:

· Company type (name your company): A small defense contractor located in the United States of America

· Company size (employees): 100

· Product: Backpack with built in refrigerated pouch and radio module

· Awarded quantity: 200 units (100 assigned to Ground Forces / 100 assigned to Special Operations)

· Program Budget: Proposed award: $1,500,000

· Customer: U.S. Army, Ground Forces and Special Operations

· Award date: September 1, 2015

· Completion date: March 1, 2017

· Delivery schedule: 100 units 12mths ARO (after receipt of order). 50 units every 3 months after first delivery

· Milestone Schedule:

· First delivery: September 1, 2016

· Second delivery: December 1, 2016

· Last delivery: March 1, 2017

· First milestone payment (from customer): October 30, 2015

· Second Milestone payment: January 30, 2017

· Final Milestone payment: May 30, 2017

· Initial Program review (at the customer's site): November 16, 2015

· Subsequent Program reviews: 6 months after the initial review

Expected Result from Senior Management:

· On-time delivery for the three stated product deliverables

· Desire to complete the total program under the stated budget of $1,500,000

· All milestones accomplished by due dates listed

· Supplemental (follow-on) contract for future additional units (backpacks)

The Module 1- Memo and Module 2 Assignments (where risks and mitigation solutions were discussed) will be attached- MAKE SURE YOU LOOK AT THEM CAREFULLY!