Risk management plan
Using the PMBOK Guide and a provided template, develop a risk management plan for a given scenario or a real-world project of your choice.
Introduction
This portfolio work project, a project risk management plan, is based on your selected business or IT project. You may base your assessment on Cosmo, Inc., a developer and distributor of wearable technology, or use a project of your choice.
Project risk management is the "processes of conducting risk management planning, identification, analysis, response planning, response implementation, and monitoring risk on a project" (Project Management Institute, 2017, p. 569).
Risk management plays a critical role in projects. How the risks of a project are identified and managed can affect whether the project is completed on time and within budget and whether it is a success. According to Cooper, Grey, Raymond, and Walker (2014), "risk management assists project managers in setting priorities, allocating resources and implementing actions and processes that reduce the risk of the project not achieving its objectives" (p. xviii).
ancements in innovation, contenders are continually growing further developed items. In this manner, the expanded in the Research and Development (R&D) area makes more grounded contest for Nike. Regardless of that, Nike is likewise looking for chances to more readily work on their items to suit to customers inclinations by coordinating portable innovation into their items.
Lawful
In the retail business, organizations should observe the customer security regulations and strategies and assurance privileges for work. In emerging nations, further developing work regulations convey be an intimidation to Nike because of the expansion in labor costs which means expanded in general expenses. Be that as it may, with expanded work costs it might mean better expectations for work and business.
Natural
Nike has forever been enhancing its natural and manageability programs with their objective being to twofold their efficiency while diminishing the organization's ecological effects considerably. They plan to diminish in general energy use, fossil fuel byproducts, water, and waste in their worth chain.
Their developments had likewise prompted them making notable items in a more supportable manner. They utilized reused polyester to make their notable 'Air' shoes, which have been around starting around 1979.
End
Globalization has altered the world in a wide range of viewpoints