Question
Please answer Part 2: based on the given Part 1 answer. Part 1: Question: Based on supply chain security as it relates to project management.
Please answer Part 2: based on the given Part 1 answer.
Part 1: Question: Based on supply chain security as it relates to project management. Type 300 to 500-word post describing some of the issues you identified (e.g., outsourcing of hardware and/or software development and/or integration). Explain what implications these issues have on project management and the project manager.
Answer: To determine the aspects that contribute to the complexity of these issues: Customer and supplier geographical spread; risk and security issues; regulatory and compliance challenges; rising customer expectations for shorter lead times; and a rise in the number of parties engaged are all reasons that are boosting supply chain complexity for project managers. Organizations should prioritise supply chain security since a compromise in the system potentially jeopardize or impede operations. Vulnerabilities in a supply chain can result in extra expenditures, inadequate timely delivery, and intellectual property theft.
Part2: Question: What are some ways potential risks can be mitigated? What are possible limitations to those methods?Provide a link to one resource on the Web that you found useful on this topic.
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