Risk Analysis

PMGT 723 Team Assignment

Timberjack

Timberjack Parts has made a decision to acquire a new software package to support their business on a worldwide basis.

Please read the Case Study and answer the questions below.

Your answer should consist of a Word document of between 6 and 10 pages and a PowerPoint presentation of no more than 3 slides plus a title to support question 7

Timberjack Case Study Questions

1. What are the major categories of risk that a project of this nature faces? Explain your reasons. [5 marks]

2. What additional risks do companies face when there are worldwide and multicultural aspects of the situation? [5 marks]

3. What were some of the specific risks that Timberjack should have recognized before undertaking the project? [10 marks]

4. What risks did the RFP and vendor selection processes introduce into the project [5 marks]

5. The short-list selection process was based on technical platform pre-requisites, and functionality. This caused some disagreement between USA and Europe. Describe two other risk assessment techniques might they have used? [10 marks]

There is not enough information in the case study to use the techniques you identify, but please ensure that you can explain how they would be used

6. Were they right in seeking a world-wide solution? Explain your opinion. [5 marks]

7. They did decide on one vendor. Identify 6 risks they will face in implementation and create a high level Risk Management Plan [15 marks]

8. What did they recommend and why? [5 marks]