Risk Management Plan

W. Edwards Deming, a historical statistician well known for improving production methods at many mid-20th-century corporations, said the following: “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” Many endeavors are composed of smaller component steps, each of which must be understood and enacted in order to achieve a satisfactory result. Risk management plans, too, depend upon defined processes and steps in order to function effectively.

For this Assignment, you will begin your Final Project using the following resources to develop the process you will use as you construct a risk management plan:

• The Pepsi Refresh Project: A Thirst for Change
• Pepsi Refresh Project Risk Management Scenario
• Risk Management Plan Template

Using the Pepsi Refresh case study as the context for this Assignment, and using the Risk Management Plan Template as your guide, write a 2- to 4-page paper in which you address the following:

• Describe the purpose of the project risk management plan.
• Explain how risk management will be approached for the Pepsi Refresh Project.
• Describe the steps in the project risk management process and specify the methods that will be used to identify, analyze, and control project risks.

References:

Hampton, J. J. (2015). Fundamentals of enterprise risk management: How top companies assess

risk, manage exposure, and seize opportunity. New York NY: American Management Association

Capello, P. A. (2008). A real world “successful” risk management methodology. Paper presented

at PMI® Global Congress 2008—North America, Denver, CO. Newtown Square, PA: Project Management Institute.

Aven, T. (2015) The risk analysis process: planning, in Risk Analysis, John Wiley & Sons, Ltd,

Chichester, UK. doi: 10.1002/9781119057819.ch3

Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Sixth edition. Newtown Square, PA: Author.

Part 1: A Guide to the Project Management Body of Knowledge (PMBOK® Guide)

• Chapter 11, “Project Risk Management”
  • Section 11.1, “Plan Risk Management” (pp. 401–408)

This section of Chapter 11 explains the process for risk management planning and what components should be included in a project risk management plan. It also includes the specific inputs and tools and techniques that can be used to plan for project risks.

Rubric

Element 1: Project Risk Management Plan Purpose

Provide a thorough and detailed description of the purpose of a project risk management plan. Make sure that the relevant resources are provided to support the response.

Element 2: Project Risk Management Approach

Provide a thorough and detailed explanation of the risk management approach for a case study project. Make sure that the relevant resources are provided to support the response

Element 3: Project Risk Management Process

Provide a thorough and detailed description of the steps in the project risk management process that will be used to identify, analyze, and control risks for a case study project. Make sure that the relevant resources are provided to support the response

 

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Having identified the strengths and weaknesses of your research program and resources in previous discussions, you will explore the impact of your methodology on your conclusions. For example,

• What assumptions does your model make, and when might those assumptions not hold?
• Are the results of the quantitative analysis consistent with your a priori expectations? If not, why?

Be sure to address items such as upside and downside risks to the analysis as well as pertinent social and political factors.

 

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Reading response, read the follow paragraph, write 300 words response. Add one citation from files materials.

“After completing week three readings, I have chosen to focus my discussion on the concept of peasantry. Peasantry is talked about in a small way in a few of the readings, but is the primary focus in Kautsky’s “The Peasant Industry” from the Agrarian Question, on pages 186-190 of the packet. This specific reading stood out to me and was helpful to use in better understanding the other readings because it explains the idea of the progression of peasantry and also its “rapid demise” (packet p. 187) The first half of the reading talks about how the medieval peasant family was very self sufficient and was able to produce all of the things they needed (food, clothes, tools, leather, house accessories, etc.) (Packet, P.186) Their only purpose for needing to trade was to trade things that they had excess of. The benefit of this, as Kautsky explains, is that “the enemy could not actually destroy them” (Packet, P.23)

This changed however with the development of industry. The piece of this section that was most noteworthy and interesting to me is that the peasantry goods became luxury items, and therefore too expensive to consume and also for them to make, changing the dynamic of how their economy previously ran. I found this very interesting, and wanted to point out how something that was essential to them, some how became a luxury good to someone else, in what appears to be such a quick period of time.

I wanted to compare this reading to the reading of Michael Altieri’s “Ecological Impacts of Industrial Agriculture and the possibility for Truly sustainable farming.” (Packet, P191-199) This reading discusses the concept of monocultures and the issues that come with crop specialization where the same crop is grown on the same land year after year. The reading discusses how when multiple different crops are grown on the same land, the soil gets nutrients and differentiation from these different crops, so in doing monocultures, there is an issue where fertilizers and repellents become needed. My point of bringing this up in comparison to peasantry is that the peasants produced all of their own things, so I would assume they also used one spot of land for many different purposes, such as growing many different crops. I am curious, at what point did it become noticed that it was a benefit to the soil in doing this? And was part of the reason that monoculture started because the peasants could no longer afford the “luxury goods” they were making before? Perhaps I am totally off base here, however it was something that got me thinking about the relation between peasantry and monocultures, and in turn, the wellness of the soil.”

 

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Discussion Board: Week 7

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From your readings/listening assignments, please discuss the contributions of each of the following jazz giants. please do not provide biographical information, rather describe why they had such an impact on the development of the jazz genre:

1. Louis Armstrong

2. Duke Ellington

3. Charlie Parker

 

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