Huffman Trucking PM 584 WEEK 6 Final

Huffman Trucking PM 584 WEEK 6 Final

PM 584 Individual Assignment: Risk Management Planning – Final My Scenario – Huffman Trucking Company (See Memo Attachment)

Write a paper of no more than 1,750 words following the outline of a risk management plan. Refer to the Risk Management Plan Outline as an example of what the outline must look like. The word count includes tables. Incorporate all individual and team assessments. Include a synopsis determining measures to mitigate project risks and these elements:

Include : -A minimum of two real-world risk management plans related to your project -The viability of the plans -A comparison of your proposed risk management plan with real-world standards

Purpose of Assignment This assignment provides you with an opportunity to combine theoretical knowledge of various risk management techniques with specific risk responses for identified risks. You also elaborate a risk action plan for at least one identified risk in your project. This assignment develops your ability to determine project risk management procedures. You determine responses to potential risks and create risk action plans instrumental in devising a risk management plan.

-Explain various forms of risk management. -Provide risk response measures for identified risks. -Address primary components of a risk action plan. -Provide practical examples.

Must be written using my SCENARIO Huffman Trucking has experienced tremendous growth over the past few years. Our fleet is now at 800 road tractors and over 2100 trailers. Our work force exceeds 1300 total personnel. This growth is a result of our burgeoning customer base which ranges from long-term US Government contracts to plastics manufacturers and mom and pop wineries. Meanwhile, our companies automated information systems and overall automation infrastructure is lagging. To address this issue, it has been decided that we will deploy an Enterprise Resource Planning (ERP) capability over the next eighteen months. This ERP will facilitate full integration of Huffman Trucking processes. The ERP will integrate all major business components; to include linkage to: the customer sales order, tracking service and bill of lading signature (delivery), preventative maintenance and overhaul requirements, HR and driver scheduling, general ledger, accounts payable, accounts receivable, etc.

As we move forward with this implementation it is very important that we leverage our existing processes to preclude complete rearrangement of how Huffman does business. We do not currently plan to hire an independent staff for the implementation. The ERP vendor, DK Grant Software Solutions, will provide consultation but our existing IT staff and managers will oversee the installation while simultaneously performing their normal duties. We must be cognizant of potential risks within this key implementation. We have researched common implementations of this ERP and typical costs are around $1.2 million. We believe that we can be more efficient and have budgeted $1 million for the implementation (this includes purchase of the software, hardware and consultative support from DK Grant Software Solutions). I look forward to reading your positive status updates related to this implementation.

See attachments

Book Reference : Cooper, D. F., Grey, S., Raymond, G., & Walker P. (2005). Project risk management guidelines: Managing risk in large projects and complex procurements. West Sussex, England: John Wiley & Sons.

Huffman Trucking Memo To: All Department Heads From: Kristen Huffman, CEO & President Re: Upcoming ERP Implementation Huffman Trucking has experienced tremendous growth over the past few years. Our fleet is now at 800 road tractors and over 2100 trailers. Our work force exceeds 1300 total personnel. This growth is a result of our burgeoning customer base which ranges from long-term US Government contracts to plastics manufacturers and mom and pop wineries. Meanwhile, our companies automated information systems and overall automation infrastructure is lagging. To address this issue, it has been decided that we will deploy an Enterprise Resource Planning (ERP) capability over the next eighteen months. This ERP will facilitate full integration of Huffman Trucking processes. The ERP will integrate all major business components; to include linkage to: the customer sales order, tracking service and bill of lading signature (delivery), preventative maintenance and overhaul requirements, HR and driver scheduling, general ledger, accounts payable, accounts receivable, etc. As we move forward with this implementation it is very important that we leverage our existing processes to preclude complete rearrangement of how Huffman does business. We do not currently plan to hire an independent staff for the implementation. The ERP vendor, DK Grant Software Solutions, will provide consultation but our existing IT staff and managers will oversee the installation while simultaneously performing their normal duties. We must be cognizant of potential risks within this key implementation. We have researched common implementations of this ERP and typical costs are around $1.2 million. We believe that we can be more efficient and have budgeted $1 million for the implementation (this includes purchase of the software, hardware and consultative support from DK Grant Software Solutions). I look forward to reading your positive status updates related to this implementation. 1

University of Phoenix Material

Risk Management Plan Outline

 

The following elements must be included in your Risk Management Plan. Your plan is not limited to the outlined content. Specific detail and content is determined on the scenario.

 

• Executive Summary

 

• Project Summary

 

1. Requirements
2. Schedule
3. Constraints

 

• Risk Management Strategy and Process

 

1. Strategy

 

1. Application of resources
2. Areas in which risk is accepted

 

1. Process

 

1. Risk identification
2. Assessment

• Prioritization

1. Management
2. Reporting and communicating

 

• Executing Organization

 

• Risk Identification

 

• Risk Analysis

 

1. Explanation of risk analysis

 

1. Qualitative
2. Semi-quantitative

• Assessment of risks

 

• Risk Mitigation Planning

 

• Risk Response Planning

 

• Risk Tracking

 

1. Explanation of risk register
2. Presentation of risk register

ID Task Name Duration Start Finish 1 ERP Team In-Brief 1 day Mon 2/16/09 Mon 2/16/09 2 Process Review 62 days Tue 2/17/09 Wed 5/13/09 3 Functional Area Managers Draft Process Flows 30 days Tue 2/17/09 Mon 3/30/09 4 Initial Review of Process Flows 5 days Tue 3/31/09 Mon 4/6/09 5 Consultation Team Reviews Huffman Processes 10 days Tue 4/7/09 Mon 4/20/09 6 Consultation Team Considers ERP Revisions to Support Processes 5 days Tue 4/21/09 Mon 4/27/09 7 Consultation Team provides feedback to Huffman 1 day Tue 4/28/09 Tue 4/28/09 8 Huffman considers change to processes or revision of ERP 10 days Wed 4/29/09 Tue 5/12/09 9 Decision point for process integration 1 day Wed 5/13/09 Wed 5/13/09 10 Process Modifications and / or ERP Modifications 116 days Thu 5/14/09 Thu 10/22/09 11 Huffman process revision 45 days Thu 5/14/09 Wed 7/15/09 12 ERP software modifications 116 days Thu 5/14/09 Thu 10/22/09 13 Software Modification (of revised modules) 60 days Thu 5/14/09 Wed 8/5/09 14 Beta Testing of revised modules 30 days Thu 8/6/09 Wed 9/16/09 15 Software release of revised modules 1 day Thu 10/22/09 Thu 10/22/09 16 Hardware Purchases 81 days Thu 5/14/09 Thu 9/3/09 17 Hardware lead time 60 days Thu 5/14/09 Wed 8/5/09 18 Hardware arrives 1 day Thu 8/6/09 Thu 8/6/09 19 Initial Hardware set-up by Huffman IT 20 days Fri 8/7/09 Thu 9/3/09 20 Training 20 days Thu 9/17/09 Wed 10/14/09 21 Huffman training (using Beta software) 20 days Thu 9/17/09 Wed 10/14/09 22 Data Base Transfer to ERP 60 days Fri 10/23/09 Thu 1/14/10 23 Pilot Test of ERP 30 days Fri 1/15/10 Thu 2/25/10 24 Final software and process revision from Pilot Test anomalies 20 days Fri 2/26/10 Thu 3/25/10 25 ERP “GO LIVE” 1 day Fri 4/9/10 Fri 4/9/10 2/16 4/28 5/13 10/22 4/9 Jan e a Apr a Jun Jul u e Oct o e Jan e a Apr a Jun 2009 2010 Page 1

Individual Assignment: Risk Management Planning

 

Purpose of Assignment

 

This assignment provides you with an opportunity to combine theoretical knowledge of various risk management techniques with specific risk responses for identified risks.

 

You also elaborate a risk action plan for at least one identified risk in your project. This assignment develops your ability to determine project risk management procedures. You determine responses to potential risks and create risk action plans instrumental in devising a risk management plan.

 

 

Write a paper of no more than 1,750 words following the outline of a risk management plan.

 

Refer to the Risk Management Plan Outline as an example of what the outline must look like. The word count includes tables.

 

Incorporate all individual and team assessments.

 

Include a synopsis determining measures to mitigate project risks and these elements:

• A minimum of two real-world risk management plans related to your project
• The viability of the plans

A comparison of your proposed risk management plan with real-world standards

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