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Pages:
2 pages/≈550 words
Sources:
3 Sources
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
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Topic:

Artisan Café Marketing Project: Risk and Quality Section

Essay Instructions:

Instructions
Risk and Quality Sections of the Project Plan
In Units II and III, you completed the Project Overview section of your project plan. It is now time to work on the following sections: Risk Assessment and Quality Management Report.
In this assignment, you are required to complete sections 2 and 3 of the project plan. Refer to your unit lesson (from this unit and last unit) and required unit resources to advance your project plan. Create the sections listed below.
2) Risk Assessment: Include evidence of the risk assessment. The section is divided into subsections on identification of risks, analysis (assessment of risk probability and consequences), and mitigation strategies.
2.1 Risk Identification: Describe all relevant risk variables for the project, including a brief description of the risk variable and the ways in which it is likely to affect the project.
2.2 Assessment of Probability and Consequence (Qualitative): Include a qualitative risk assessment matrix in this space. Give evidence of how you arrived at this assessment.
2.3 Assessment of Probability and Consequence (Quantitative): Include a quantitative assessment of probability and consequences, clearly identifying the criteria used for determining both probability of failure and consequence of failure.
2.4 Mitigation Strategies: Identify individual mitigation strategies for each high-priority risk factor. Briefly specify actions to be taken in order to accomplish the strategy.
3) Quality Management Report: In this section, be sure to define what quality means for your project from both a product and process standpoint. Include your project quality standards and expectations both internally and for the customer, the metrics and measures for success, and critical success factors. How will you monitor quality throughout the project? Who will be responsible?
This assignment should be a minimum of two pages in length, not counting the title page and reference page. Be sure to use proper APA formatting. Citations are not required; however, if outside sources are used, make certain to provide in-text citations and references in APA format.

Essay Sample Content Preview:

Artisan Café Marketing Project: Risk and Quality Section
Name
Department, Institution Affiliation
Course Code; Course Name
Instructor's Name
Date
Artisan Café Marketing Project: Risk and Quality Section
2. Risk Assessment
2.1. Risk Identification
The Artisan Café marketing project is critical and likely to face different risks. The project is based on traditional and online marketing exposing it to special risks, which, when not timely mitigated, would lead to a low-quality project. The key risks that are likely to be identified in the project include:
* Financial risk: Financial risk is a critical risk that jeopardizes the project's financial status. For instance, it may be accompanied by money loss or other factors, and it may alter the quality of the project.
* Delays: Delay is classified as a risk since they would increase project completion time and cost. It must be timely addressed to ensure quality project completion. Delays in the project may also lead to specific issues such as low project quality.
* Safety risks: Safety issues may be experienced during traditional customer engagement while teaching them the key benefits of Artisan Coffee. It would affect the project by lowering its marketing capacity and engagement.
* Cyber security threat: The risk may be heavily experienced during online marketing, such as creating Facebook accounts. The hackers may interfere with the company's privacy. Therefore, it would affect the project by altering and exposing the key information to the competitors.
2.2. Assessment of Probability and Consequence (Qualitative)
38290501316355Cyber threats 00Cyber threats 4238625811530Delays 0Delays 366712520955Financial and safety risks00Financial and safety risks
The identified qualitative risk assessment matrix was identified as the most valid for the project since it divides the risks into major, minor, and moderate. The evidence of reaching the identified assessment was based on differences in the risk impact and likelihood of occurrence. For instance, financial and safety risks have a huge impact, and they are likely to occur. Delays h...
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