Project Procurement and Risk Management Assessment
Complete Case 7.3 Trans LAN Project in Larson and Gray by responding to questions 1, 2, and 3. Combine items 1 and 2 into a single Risk Assessment Form (see Figure 7.6 in Larson and Gray) and use Microsoft Excel to complete this item. Use Microsoft Excel for the Risk Response Matrix (see Figure 7.8 in Larson and Gray) for question 3. Note that additional items may be added to the Risk Assessment Form and the Risk Response Matrix.
In addition to the requested items in the case, complete the following:
1. Based on the risks that you identified on the Risk Assessment Form, create a Risk Severity Matrix (see Figure 7.7 in Larson and Gray). Note that additional information beyond the information shown in Figure 7.7 may be provided. Use Microsoft Excel to complete this item.
2. Make any assumptions and document them as necessary to complete the aforementioned items.
3. Based on the information in Appendix 12.1 in Larson and Gray, evaluate what type of contract(s) might be applicable to this project if you were to outsource certain aspects of your project to suppliers. Ensure that you justify your supplier contractual decisions based the inherent risks related to your selected contract type(s). Make any assumptions and document them accordingly. Ensure that at least 450 words are provided. Place your responses into a Microsoft Word file.
Ensure that the Risk Assessment Form, Risk Severity Matrix, and Risk Response Matrix are included in the same Microsoft Excel File. Submit your Microsoft Excel File and your Microsoft Word File. Ensure that your last name is in your file names. My last name is Farm
