BUS 377: Managing project risk Review the ninemini-casestudy series from the Project Management Institute on the Global Green Books Publishing company before starting this assignment. Instructions In...

Running Head: BUS 377: MANAGING PROJECT RISK                    1
BUS 377: MANAGING PROJECT RISK                             2
BUS 377: MANAGING PROJECT RISK
Table of Contents
Introduction    3
Risk Matrix Identifying Risk, Describing Its Cause, Estimating Probability of Occurrence, Impact and Recommended Response    4
Effective Competencies in Identifying and Managing Risks at Global Green Books Publishing with Rationale    5
Conclusion    5
References    7
Introduction
In this assignment, we are going to explain what are the risk factors that are faced by an organization how they will overcome the issues they face in an organization. However, before discussing issues faced by an organization let us know about the organization. The organization given in the scenario, Global Green Books Publishing is an organization that was started in the year 2013 by two friends Jim King and Brad Mount.
Jim and Brad was the college best friend and they planned to start their publishing organization so they started publishing an e-book. The first two years were very great for both of them as they were getting more clients and they were also getting profit but suddenly both of them got busy in college projects and did not give much attention to their organization.
Nevertheless, a big thank you can be given to their third major customer that is a local college, which wants a customized e-book for their college student. Jim and Brad decided to hire some part-time employees for the organization to complete an order that they got from a local college but unfortunately, they were failed to give the order on time and every customer get disappointed by them because no one is getting an order on time. Their third biggest major customer who is a local college wants their order completed before the new batch started but the organization were failed to do so.
This can lead to a great loss for both of the friends and they were not getting that where they are doing mistakes. They face a great loss in the third year so they hire a new employee from their college only and her name is Samantha. Jim and Brad...