Posted on by Judy

Business writing help — project management

 
Scenario
In your role as a Project Manager for Kingston-Bryce Limited you have been assigned to create a risk mitigation plan. Risk mitigation is a key component of project planning because you are trying to look at all of the alternatives while planning everything for a project. The Board of Directors for Kingston-Bryce Limited (KBL) is eager to move forward with the acquisition of their competitor. The acquisition of the competitor will enable KBL to expand operations and triple their workforce and will take 18 months to complete with a projected cost of $5 million. The project could be at risk because there have been rumors that another buyer has entered a bid to buy KBL’s competitor. In order for this acquisition to be successful, you will need to use your project management skills to ensure success and that the project stays on budget and time.
Instructions
Your task is to create a risk mitigation plan in Microsoft Word to ensure that KBL has documentation to complete the acquisition. Detail the risks the project may be subjected to and what actions will be taken to minimize the impact of these risks on your project. You will need to create a list of risks that could potentially happen in the project. Be creative!
Think about examples such as cost, contractual, financial, political, or technical risks that might occur when launching a project. A key point to remember is that risks are broken down into the following broad categories, which should be included in your plan:
Risk avoidance
Risk sharing
Risk reduction
Risk transfer

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"

Related posts:

  1. Project management
  2. PM584 Wk 1 Assignment – Project Baseline
  3. Starbucks project management plan | Management homework help
  4. 1) Introduction to Management Accounting – A) Define management accounting in your own words (60 words). B) Discuss how management accounting is useful to a business in general and use ONE example to illustrate your point (90 words). Internal Reports A) Discuss the differences between internal and external reports, consider who the intended users are and legal requirements in your answer (60 words). B) Discuss the importance of internal reports and use ONE example to illustrate your point (90 words). Costing 1) Define areas commonly considered when calculating a cost for a business, you may consider general costs for any project or the costs for a specific project from ONE of the following: a) New Product b) New Service c) New Member of Staff (60 words) 2) Discuss how costing is useful to a business, you may discuss this in general or regarding a certain department of your choosing (90 words) Budgets 1) Discuss the advantages and disadvantages of using budgets in a business, you must discuss at least one advantage and one disadvantage in your answer (60 words) 2) Discuss how costing and budgets interact within the business (90 words) Variance Analysis 1) Discuss how variance analysis might be useful in ONE of the following areas: a) Production b) Service c) Staff (60 words) 2) Discuss how costing, budgeting and variance analysis interact within a business, focusing on how each measure affects the other (90 words). Apply examples and answer the questions!