Read Case 3: Altex Corporation in the case study section of your text. Write a summary of the case and answer the following questions from the end of the case.
- Why was a risk management plan considered unnecessary?
- Should risk management planning be performed in the proposal stage or after contract award, assuming that it must be done?
- Does the customer have the right to expect the contractor to perform risk analysis and develop a risk management plan if it is not called out as part of the contractual statement of work?
- Would Altex have been more interested in developing a risk management plan if the project were funded entirely from within?
- How might the Army have responded if they were presented with a risk management plan early during the R&D activities?
- Can risk management planning be justified on almost all programs and projects?
Your paper must be 2-4 pages in length (not including title, introduction, conclusion and reference page), doubled spaced, and formatted according to APA style as outlined in the approved style guide. A minimum of two sources must be used to complete this assignment.
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
Textbook:
Kerzner, H. (2005). Using the Project Management Maturity Model: Strategic planning for project management (2nd ed.). Hoboken, NJ: John Wiley and Sons, Inc. ISBN: 9780471691617.
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