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Assigned Readings:
Chapter 11:
Project Risk Planning.
This chapter deals with identifying, assessing, and responding appropriately to all types of project risks. After completing this chapter, each student should be able to perform the following:
Core Objectives:
Describe how to plan for risk management, identify risks, analyze risks, and create response plans for identified risks.
Identify and classify risks for a project and populate a risk register.
Describe various risk assessment techniques and tell when each is appropriate to use.
Prioritize each risk on a project using an appropriate assessment technique and develop and defend at least one strategy for each of the high-priority risks.
Compare and contrast the various strategies for dealing with risks.
Behavioral Objectives:
Determine an individual’s propensity to accept risk and use that to strategize about which risks to accept.
Determine an organization’s propensity to accept risk and use that knowledge to strategize about which risks to accept.
Technical Objectives:
Select and utilize an appropriate quantitative risk analysis tool if qualitative risk analysis is not sufficient.
Discussion and Reflection Forum:
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a graduate-level response to each of the following questions:
You are hosting a large dinner party.
What are two possible risks you would encounter?
Identify at least one trigger for each.
Give an example of a risk you have chosen to accept on a previous project.
How did you make the decision to accept it?
In retrospect, was that the right decision to make?
[Your post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion].
[Your post should be at least
500+ words
and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]
[Your posting should be completed by
Thursday at 11:59 p.m. EST. ]