Hi,

Please answer following questions regarding project Risks:

1) Identify potential risks associated with the international nature of the project, cultural differences, and the integration of outsourced components.

2) Outline a risk mitigation plan to address identified risks and ensure project success.

Global E-Commerce Platform Implementation Background: You have been appointed as the Project Manager for a large multinational corporation planning to launch a new e-commerce platform. The platform aims to centralize online sales, streamline customer interactions, and enhance overall user experience. The project involves cross- functional teams located in different countries, and it encompasses various aspects, including web- site development, integration with existing systems, and marketing strategies. Project Overview: Project Duration: 12 months Budget: $5 million + Teams: In-house development teams, outsourced web design, and marketing agencies Stakeholders: Internal departments (IT, Marketing, Sales), external vendors, and end-users Project Plans: Outsourcing Plan: The project includes an Outsourcing Plan outlining the scope of outsourced services, strategies for collaboration, and responsibilities during the entire outsourcing lifecy- cle. The web design and marketing aspects are outsourced to specialized agencies. Deliverables Acceptance Plan: A Deliverables Acceptance Plan defines the criteria for accept- ing project deliverables, including the website's design, functionality, and marketing materials. This plan ensures alignment with client expectations and efficient resource utilization. Project Controlling: Control Schedule: During the development phase, you notice potential delays in the delivery of key software components. How would you use the Control Schedule process to identify and address these issues? Outline steps to inform the Project Steering Committee, devise correc- tive actions, and notify stakeholders. Provide examples of planned, actual, and forecasted activities/deadlines. Control Cost: As the project progresses, there's a significant variance between the budgeted and actual costs. How would you employ the Control Cost process to manage project costs and adhere to the budget constraints? Detail steps to inform the Project Steering Committee, develop corrective actions, and communicate with affected stakeholders. Project Managing: Manage Stakeholders: The project involves diverse stakeholders, including internal depart- ments, external vendors, and end-users. Identify challenges and opportunities in managing these stakeholders throughout the project lifecycle. Highlight key phases where stakeholder management activities are crucial. Define specific responsibilities for the Project Manager and members of the Project Steering Committee. Additional Information: The e-commerce platform is a critical initiative for the company's growth strategy. Cultural differences among team members may impact communication and collaboration. End-users have high expectations regarding the platform's usability and features. The marketing campaign is expected to coincide with the platform launch, adding an extra layer of complexity