Kingston Bryce Risk Mitigation Plan.

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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

 

Sample Solution

at active occasions and needs my responsibility. Alluding to the NASBM Standards, as a yearning SBM I accept I get the individual abilities needed to be a viable SBM with past experience in HR and Marketing, but this additionally recognizes regions I want to create in, for example, Finance along these lines, would say I presently sit in the school organization region (Tier 1) In many regions and desire to acquire the important information needed to be a fruitful SBM by finishing this course.

There is a lot of extension for me to foster my abilities further which this course will permit me to do and empower me to rehearse this information in my school, creating myself further in administration and authority abilities featuring the requirement for a SBM and getting this chance assuming it emerges.

2.3: Analyze own proficient job and difficulties

Above is a delineation of my job examination; in light of current job this shows a lot of my time is spent finishing organization obligations,

To remove myself from for the most part administrator obligations and step into greater administration and authority exercises, I have placed in a solicitation to shadow the workplace supervisor one time each week and go to SLT gatherings to find out with regards to how the objectives are set then, at that point, perceive how the goals can be met, the test I would confront is falling behind on administrator obligations, but this can be handled by better using time effectively and furthermore assigning a couple of obligations to other colleagues. I have past experience working in a HR field as a boss, thusly have created abilities in regions like open correspondence, HR, advertising, exchange and phenomenal using time productively, but this additionally distinguishes the need to foster my abilities in the school money and foundation region.

2.4: Produce an expert advancement plan dependent on a survey of own proficient n

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