One of the risks you anticipated for the project was the

One of the risks you anticipated for the project was the late
delivery of the prototype from the vendor. You adjusted your
project schedule to minimize the impact of the risk built in a
penalty for late delivery and created action plans in case the
vendor delivered late. You also identified a risk with the vendor
that they have very little technical depth; if the key engineer is
not available to your project the risk of a delay is even greater.
You determined how you would monitor the vendor’s performance and
ensure a timely delivery. You took a very risk-averse protective
approach to the relationship but now as the project is
progressing you are wondering if there is something you could do
with the vendor to actually benefit the project instead of just
protecting it.
Assignment Guidelines:
Create a 1-page addendum to your risk management plan that
describes how you will modify the plans or create new plans
relative to that vendor to create an opportunity that will result
in lower costs earlier delivery higher quality or other positive
Also answer the following questions:
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? Your submitted
assignment (200 points) must include the following:
A 1-page addendum A 2 to 3 page document answering the questions
above Submit both files as 1 zipped document to the drop box


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