Caue S40073456 Project Risk 2 Assessment 1 1 .docx -...

Project risk 2
Assessment 1
Risk Management Plan for a Company in the Electric Automotive Company
Project Background
The electric automotive industry has various risks that should be considered despite experiencing
a fast growth. Perhaps the most significant risk is that it is a new technology that has not yet
gained widespread acceptance. Some people would prefer to continue using the old combustion
engine. Electrical problems and reports that some electric vehicle engines are capable of igniting
by themselves pose a threat to the segment's long-term viability. Furthermore, large engines
require massive batteries, which can be extremely expensive and, in particular, extremely heavy.
As a result, some parts of the electric vehicle will only have a short range between charges.
Since some customers may reject electric vehicles, the electric vehicle industry must gain market
share in other ways, including effective pricing strategy, remaining environmentally friendly, and
providing new technologies that the conventional automotive industry cannot offer.