Risk Management Plan For Renault

Executive Summary
This report had developed a project plan for developing a racing car for Renault. Renault had emerged again in 2016 to participate in Formula 1 and Formula E so they would be launching a new car that would provide them the opportunity to win races. The report included the project deliverables, scope and milestone along with the risk management and communication plan. A detailed report had been prepared which had effectively described the processes required to develop successfully the new racing car.
Project purpose The purpose of the project is designing and manufacturing of a race car for the organization named Renault. The project will describe the execution plan for constructing the racing car in the present racing sports market. The project will include the project scope, objective, constraints and assumptions. The report will identify the project milestones and deliverables based on which the project schedule will be developed. The report will also consist of the risk management plan, communication plan, project budget, resource allocated and change management plan.
Project description Renault is one of the largest multinational automobile companies and has been associated with motorsports over a decade. Renault has gained
The new car manufactured may not provide the organization with competitive advantage as other companies are also using innovation into their business model for improving the functions of the car. The project manager will have to identify the over allocation of the budget so that extra cost can be reduced. The time span of the project is high all the deadlines have to be followed for timely delivery of the project. The manufacturing and assembly is a critical phase and no time schedule and resource allocation changes can be made to that