Posted: January 23rd, 2016

Should risk management planning be performed in the proposal stage or after contract award, assuming that it must be done?

Read Case 3: Altex Corporation in the case study section of your text. Write a summary of the case and answer the following questions from the end of the case.

• Why was a risk management plan considered unnecessary?
• Should risk management planning be performed in the proposal stage or after contract award, assuming that it must be done?
• Does the customer have the right to expect the contractor to perform risk analysis and develop a risk management plan if it is not called out as part of the contractual statement of work?
• Would Altex have been more interested in developing a risk management plan if the project were funded entirely from within?
• How might the Army have responded if they were presented with a risk management plan early during the R&D activities?
• Can risk management planning be justified on almost all programs and projects?

Your paper must be 2-4 pages in length (not including title, introduction, conclusion and reference page), doubled spaced, and formatted according to APA style as outlined in the approved style guide.  A minimum of two sources must be used to complete this assignment.

Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.

Textbook:

Kerzner, H. (2005). Using the Project Management Maturity Model: Strategic planning for project management (2nd ed.). Hoboken, NJ: John Wiley and Sons, Inc. ISBN: 9780471691617.

Required Websites

UNCTAD, ASYCUDA.  (2000).  Risk Management PowerPoint.   Retrieved from org/slideshows/risk.ppt” rel=”nofollow”>www.asycuda.org/slideshows/risk.ppt . This presentation endeavors to cover briefly the concepts and the benefits of using Risk Management practices, particularly within Customs Administrations.