In this paper you will apply a range of Project Risk Management principles prese

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In this paper you will apply a range of Project Risk Management principles presented in your textbook by Tom Kendrick and other scholastic articles/cases used in this course. Your paper should be between 16 pages and should have a minimum of four scholastic references. ________________________________________ PAPER REQUIREMENTS The Scenario: The Global Olympic Game Project You have just been hired as a Consultant/Supplier by the Global Olympic Game Committee to manage all the internal and external risks that can negatively impact the upcoming Olympic Games successful execution in Nigeria-West Africa. The project is known as the Global Olympic Game Project and your task is to produce a report addressing risk management that will be handled by a team that you will lead. Your risk management report should discuss the risk challenges and mitigation strategies you and your team will implement for the Global Olympic Games that will take place for 27 days in Nigeria in West Africa. Be sure that your paper, at a minimum, answers each of the following directives: • How will your team plan for Schedules, Resources, and Scope risks for the Olympic Games? • Thoroughly explain how your team will manage security of the participants and officials on and off the competition venues. • Identify the high impact of negative risks that may occur, and evaluate each with respect to the threat presented by the risk, the vulnerability that creates the risk, and the impact the risk event would have if it actually occurred. • Categorize the identified risks into qualitative and quantitative risk buckets. Will the qualitative or quantitative risks be easier to manage? Please support your rationales. • How will some of the identified risks be simulated? Which of the risks will be accepted and which ones will be transferred? Why? • Using your evaluation of the risks, identify alternatives to reduce the Global Olympic Games’ project risk exposure, and explain why you think each will be effective. • Identify some key Global Olympic Games project constraints. What are the risks associated with each constraint? How would these constraints be effectively managed? • How will your project team react to UNKNOWN risk events when they materialize? What are your UNKNOWN risk response plans? • How will your team monitor and control the key Global Olympic Games identified risks? • How will the risk plans be documented and communicated, and to whom? ________________________________________ GUIDELINES • Your paper should be 16 pages long and should cover the directives already listed. • You should follow accepted research approaches and citation format (APA). • Your paper should be well developed and convey your understanding of the readings and

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