Explore BrainMass
Share

Explore BrainMass

    Risk Template

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Scenario:

    You work for a major defense contractor. Your company prepared and submitted a bid for a recent Department of Defense RFP, entitled Automated Mobile Defense System (AMDS). You have been assigned to lead Project X, which will design, develop, test, demonstrate and deploy 10 AMDS units to a location to be determined by the DoD assuming a successful demonstration. This project is expected to take at least 5 years to complete at a cost of $1.5 billion. If you are successful and deliver a quality product on time and within budget, the DoD will order 150 more AMDS units at a price of $10 million per unit. The goal of Project X is to develop a defense system to protect major and strategic cities within the US in the event of a missile attack from a hostile nation. It is to be a redundant system; the last in a series of defensive weapons to be used only in the event that all other defensive systems have failed; when enemy ABMs are approaching the US and only AMDS is left to take them down.

    The conceptual design for the AMDS that your company submitted in response to the RFP consists of a mobile housing unit (MHU) containing 20 anti-ballistic missiles (ABMs) based on a radically new design; an anti-missile control computer (AMCC) used to automatically target and deploy the ABMs; and a retrofitted detection device (code name: SKYEYE) built on proven, patented radar technology which your company owns. All of these devices: the ABMs, the AMCC and SKYEYE will be completely housed in the MHU, which is planned to be an enhanced18-wheel tractor-trailer. A self-contained power source (for the ABMs) and solar charged batteries for the AMCC and SKYEYE make the entire AMDS portable and completely automatic (no personnel are required to operate any of the systems). However, military personnel on a regular basis will perform routine system monitoring and maintenance, preferably from a remote site. On-site maintenance should only be needed on rare occasions expected to arise from unforeseen events such as earthquake, tornados, ice storms, etc. Should it become necessary, military personnel will move the AMDS to a location known only to them. While it was not included in the design accepted by the DoD, your company would like to be able to provide additional capability with the system: they would like the AMDS to be able to operate while it is being moved.

    You are the project manager and oversee the efforts of over a dozen nuclear scientists, engineers, and technology professionals. Many of them are acquainted with the rudiments of project management, but very few know much about project risk management. You'll need to do some education along with managing schedule, budget and scope.

    Task

    Create a Risk Template by listing those risks that you think are appropriate for Project X. The template should include:
    Description of the risk
    External risks
    Internal risks
    Budget risks
    Schedule risks
    Resource risks
    Quality risks
    Categorize and quantify them according to your knowledge of risks and risk templates. If you have made assumptions about the project, include them at the top or bottom of the template.

    Objective -
    Use effective communication techniques.
    Employ the techniques for monitoring and controlling risks
    Apply the basic competencies of the project manager in understanding and planning for risk

    I am EXTREMELY confused with this task. I have attempted to find/formulate a risk template but have trouble doing so. The ones that I have found on the web were simplistic (per my prof.) and he stated that the risks should be numerous due to the complexity and magnitude of the project.

    However, I have been only able to come up wish a few so any/all assistance would be greatly appreciated as I am having an extremely difficult time on this for some reason.

    © BrainMass Inc. brainmass.com October 9, 2019, 5:41 pm ad1c9bdddf
    https://brainmass.com/business/business-management/64480

    Solution Preview

    escription of the risk
    External risks
    Internal risks
    Budget risks
    Schedule risks
    Resource risks
    Quality risks
    Categorize and quantify them according to your knowledge of risks and risk templates. If you have made assumptions about the ...

    Solution Summary

    This gives the steps to prepare Risk Template

    $2.19