Part 1
Use the following risk that can be associated with a new grocery store project.
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RBS Level 0 |
RBS Level 1 |
RBS Level 2 |
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New Grocery Store Project Risk |
1.0 Technological Risk |
1.1 Loyal customer base |
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1.2 Quality Risk |
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1.3 Training risk |
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2.0 Management Risk |
2.1 Project Risk |
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2.2 Failure Risk |
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2.3 Training Risk |
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2.4 Communication Risk |
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3.0 Financial Risk |
3.1 Income loss |
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3.2 Procurement issues |
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3.3 Pricing Risk |
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3.4 Business Expansion |
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3.5 Sales increase |
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4.0 Commercial Risk |
4.1 Loyal customer base |
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4.2 Market behavior |
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4.3 Transportation |
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4.4 Sourcing materials |
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4.5 Business expansion |
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5.0 Internal Risk |
5.1 Storage risk |
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5.2 Training Risk |
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5.3 Cultural Risk |
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5.4 Loyal customer base |
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6.0 External Risk |
6.1 Local economy |
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6.2 Legislation |
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6.3 Legal procedures |
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6.4 Competition |
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6.5 Cultural risk |
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6.6 Severe weather |
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6.7 Area constraints |
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6.8 Transportation constraints |
Develop a Risk Responsibility Plan for the risks that are identified. The plan may include a chart such as a RASI (Responsible, Approver, Support, and Information) , using main stakeholders in the project (owner, contractors, lender, authorities).
Provide a detailed description of how you will manage the risk plan and the risk responses.
Develop a contingency budget for the risk responses selected.
1000 words, APA format, References
Part 2
Add a Communications Plan to monitor and control the risk throughout the project
500-600 words, APA format, References
