590 Wk 2 Final Paper

590 Wk 2 Final Paper Harris-Keys Implementation Plan Generic Benchmarking University of Phoenix Team C MBA 590 Strategic Implementation and Alignment October 17, 2008 Introduction Every project manager understands that risks are inherent in projects. No amount of planning can overcome project risk, or the inability to control chance events. In the context of projects, risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives. “A risk has a cause and, if it occurs a consequence. Some potential risk events can be identified before the project starts—such as equipment malfunction or change in technical requirements. Risks can be anticipated consequences, like schedule slippages or cost overruns. Risks can be beyond imagination like the September 11, 2001, attack on the Twin Towers in New York City. ---- Risk management attempts to recognize and manage potential and unforeseen trouble spots that may occur when the project is implemented. Risk management identifies as many risk events as possible ------- minimizes their impact ------thereby manages responses to those events that do materialize,” (Gray and Larson, 2006, p. 207). Emilia Onukwugha - Merrill Lynch Synopsis #1 Issue – Information technology enabled processing. Merrill Lynch (ML) a part of Bank of America is one of the world's leading wealth management, capital markets and advisory companies, with offices in 40 countries and territories and total client assets of approximately $1.5 trillion. “Merrill Lynch offers a broad range of services to private clients, small businesses, and institutions and corporations, organizing its activities into two interrelated business segments - Global Markets %26 Investment Banking and Global Wealth Management, which is comprised of Global Private Client and Global Investment Management. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset...