Question: Assignment Prompt: This week, you will continue developing the project you selected in Week 3 . Risk assessment is important in supply chain projects to

Assignment Prompt: This week, you will continue developing the project you selected in Week 3. Risk assessment is important in supply chain projects to reduce the negative impact on supply chain performance. This week, you will create a project risk assessment report. Consider the steps you would include to build your project. Ensure that you consider both the probability assessment as well as the impact assessment of this project. Prepare a project risk assessment report that includes the following:
1. Identify your top 5 risks.
2. Map them to the risk assessment matrix.
3. Prioritize your risks.
4. Identify a plan to control and minimize your top risk.
5. Have 3 sources with in-text citations.
Below is my response. What could I add? What 3 references could I use and 3 in-text citations I could use with the references.
The top five project risks are incomplete data migration, resistance to change among staff, ERP system not meeting business requirements, budget overruns, and delay in project timelines. The incomplete data migration is high probability and impact due to the potential data compatibility issues. For the risk assessment matrix, the resistance to change among staff is medium probability with a high impact because changes in routine can lead to resistance. ERP systems not meeting business requirements is low probability with high impact if the system does not align with strategic goals. Budget overruns have medium probability with a medium impact due to potential unforeseen expenses. Delay in project timelines is high probability with medium impact due to coordination and technical challenges. To the most to least prioritize is incomplete data migration, resistance to change among staff, ERP system not meeting business requirements, budget overruns, and delay in project timelines. The mitigation plan for incomplete data migration would be a pre-migration data audit, pilot testing, data mapping, migration tools, backup plan, post-migration validation, and training and documentation. The mitigation plan for resistance to change among staff is change management strategy, stakeholder engagement, training programs, a communication plan, support mechanisms, and incentives and rewards. The migration plan for ERP System not meeting business requirements is requirements gathering, vendor selection, prototyping and demos, customization and configuration, contractual safeguards, and continuous monitoring. The mitigation plan for budget overruns is detailed budget planning, cost-benefit analysis, vendor negotiations, regular monitoring, scope management, and risk reserves. The mitigation plan for delay in project timelines is project planning, resource allocation, risk assessment, regular status updates, issue escalation process, parallel activities, and vendor coordination.

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