Advanced Project Management: Risk Assessment, Mitigation Strategies, and Navigating Supply Chain Challenges

Answer the following questions using what you’ve learned in advance project management lectures.

1. Consider a project in which you have been an active member as an example. Explain your role. Identify Risk elements that were or should have been considered in that project. Create a flowchart of the risk assessment process that was or should have been used. Discuss various elements of each stage identified in your team’s approach. What mitigation measures were used, and why?

2. Supply Chain issues have impacted your project adversely. You are the lead project manager for the owner. You have a lump sum contract with an established completion date and a liquidated damages clause with the contractor. What steps would you take to remedy the issue? Discuss your approach in detail.