Organizations need to consider risks and develop a contingency plan.

Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management. Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan:

Potential Risk Factors

Contingency Plans

Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan. Use Microsoft PowerPoint® , Prezi® , or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information:

The organization’s information presented in Wk 1

SWOT analysis and market trend research

Project objectives

How success will be measured

The value this project will bring to the organization

Project metrics

Timelines

Responsible parties

Potential risk factors

Contingency plans

Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide.
Note: Review the Strategic Management– 8 Most Popular Cases located in the Course Resources folder at the top of course. Cite all sources according to APA guidelines. You will submit 2 different deliverables:

Updated project plan with potential risk factors and a contingency plan

Executive presentation with detailed speaker notes as a Word document within the presentation

Submit your assignment.
Resources

Center for Writing Excellence

Reference and Citation Generator

Grammar and Writing Guides