Risk Management, Project Execution, and Control Section: My project is over Amazon Fresh Prime

• Risk management plan and risk register
• Communication management plan
• Change management plan
• Project budget ( made up budget based on what I believe to be accurate for this project)
• Resource constraints
• Skills that you and the team must acquire for a successful project

I need help with the above requests. Below is my RBS created for the project.

2 3 RBS can take preventative action to alleviate resource restrictions and ensure smooth operations The Risk Breakdown Structure, also known the RBS (Christophers, 2019) is a because they have recognized these risks. hierarchical structure that assists project managers in methodically identifying and classifying The "Costs" category covers risks such as fluctuations in the cost of fuel and labor, as well as hazards. It does this by dissecting the project into categories and subcategories (Beck et al., shifts in pricing from suppliers and subcontractors (Chakravorti, 2023). These dangers may 2021), which makes it possible to conduct an exhaustive analysis of the potential dangers. influence the expenditure budget as well as the project's overall financial soundness. The team Establishing an RBS enables project managers to guarantee that risks will not be ignored or working on the project can design measures for cost management, negotiate contracts, and neglected during risk identification. The RBS specifies three primary factors in the case of the generate contingency funds to offeet the potential impact on costs if they acknowledge thege Amazon Fresh Prime Delivery Project: the schedule, the resources, and the costs (Bougels, risks and move through with the project 2022). Under each category, a list of subcategories and the hazards associated with them is By developing an RBS for the Amazon Fresh Prime Delivery Project, we're able to identify provided. This breakdown helps organize and comprehend the various kinds of hazards that the potential risks that have the potential to influence the project's schedule, resources, and costs. project may be exposed to. This organized technique assists in methodically identifying risks and provides a clear Risk Breakdown Structure breakdown of categories and the dangers that are linked with them. It ensures that hazards will For instance, under the "Schedule" category, risks such as holdups in the process of getting not be neglected, allowing the project team to concentrate on efficiently managing and licenses, problems with the technical side of things, interruptions in the supply chain, and delays minimizing the risks that are present. caused by the weather are noted. These risks may influence the timeline of the project as well as Amazon Fresh Prime RBS Structure the delivery schedule (Doyqawi et al., 2022). The team working on the project can pro-actively Schedule plan for potential outcomes and implement risk mitigation methods thanks to the fact that there 1.1 Delays in getting requisite permissions and approvals risks have been outlined in detail. 1.2 Concerns relating to the technical aspects of the delivery system Similarly, the "Resources" category identifies risks associated with a lack of available human 1.3.1 Disruptions in the supply chain that were not anticipated resources (4!frephat & Sebestxeg, 2022), an inadequate number of delivery trucks, and an 1.4 Delays brought on by the weather inadequate capacity for the warehouse. The ability of the project to efficiently allocate and make 1.5 An inaccurate prediction of the total time required for the project use of resources could be hampered as a result of these risks. The team working on the project Resources 2.1 Deficiency in the availability of competent workers5 2.2 Insufficiency in the number of delivery vehicles reserves for each category in accordance with these considerations (Chakravorti, 2023). This 2.3 Insufficient space available in the warehouse guarantees that the project is appropriately prepared to meet any potential risks that may emerge, 2.4 Limited accessibility to information technology infrastructure hence preserving the overall success of the project. 2.5 Difficulty in acquiring the essential tools and components Contingency Reserve Costs The below is the contingency reserve for the risk associated with the resources within the 3.1 Fluctuations in gasoline prices Amazon Fresh Prime project 3.2 Unanticipated rise in total overhead expenses Risk | Likelihood | Severity | Impact 3.3 Costs of upkeep and repairs that are more than initially expected 3.4 Variations in pricing from the various vendors and subcontractors Lack of available human resources | 50% | High | $100,000 3.5 The ever-changing state of the currency exchange rate Inadequate number of delivery trucks | 25% | Medium | $50,000 What it all Means Insufficient space available in the warehouse | 10% | Low | $25,000 When calculating the required contingency reserve for only one category, such as the schedule, it Total contingency reserve required = $100,000 + $50,000 + $25,000 = $175,000 is necessary first to estimate the potential implications of the risks that have been discovered and Conclusion then to set aside a portion of either the project's budget or its schedule to handle these risks In conclusion, the RBS technique has been useful for the planning of the Amazon Fresh (Alfreahat & Sebagthey, 2022). The contingency reserve functions as a buffer to absorb the Prime Delivery Project because it has made it easier to identify and classify potential risks. The negative impacts of the risks that have been identified, so limiting the impact those risks have on team working on the project can proactively handle potential schedule-related risks and reduce the timeline of the project. The project team can react quickly to any schedule delays and put the impact they have on the project by computing a contingency reserve for at least one of the suitable mitigation measures into place without putting the overall delivery of the project in categories. However, to guarantee comprehensive risk management over the entirety of the jeopardy because they have a contingency reserve that has been specifically dedicated to project lifetime, it is imperative to consider risks across all categories and to allot contingency schedule risks. When estimating the reserve for contingencies, however, if you only focus on one reserves in an appropriate manner. category, you run the danger of missing out on potential threats in the other categories. This is a crucial point to keep in mind. The RBS offers an all-encompassing perspective of risks across a variety of dimensions; hence, it is prudent to consider the total project risks and allot contingency