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Discussion Question 1: You were assigned this article (see Content, Session 1) for reading this week: stop at the section entitled "Costing Risk"...
Discussion Question 1: You were assigned this article (see Content, Session 1) for reading this week: stop at the section entitled "Costing Risk" https://www.jisc.ac.uk/full-guide/risk-management
How could quantitative analysis aide a manager in determining if a risk to a project schedule -or- budget would "impact" an ongoing project? Remember, a project is defined with a beginning, engagement and closure phase. Respond in one paragraph, and cite any of our readings from the first week of class.
Discussion Question 2: What risks in scope, schedule, resource or budget uncertainties have you encountered in the various projects you were involved with that could have led to project risk impact?
Cite the PMBOK Guide (authors are PMI = Project Management Institute) readings assigned to support your 2-paragraphs (150 words) posting.
A risk management system should provide stability and direction during the life cycle of any project. Through formal or informal risk management planning, the Project Manager should be able to facilitate the identification of the risk, encourage awareness of risks, delegate responsibility to the appropriate team members, review status of risks, plan mitigation and control risks, including opportunities (PMI, 2013). See
Project Management Institute (PMI, 2013). A guide to the project management body of knowledge/PMBOK Guide (5th ed.). Newtown Square, Pennsylvania: Project Management Institute, Inc.
General Instructions:
- Cite relevant assigned readings in your responses with standard citation format (Author, year of publication, page number you are referring to).
- Reply to 2 classmates to make this discussion a useful and interesting component of your online class; deadlines are Monday 8amEST but please try to post by Sunday so all on differing time zones can respond! At least 2 substantive responses or more to your classmates' postings (just like a lively discussion!) are required from each Graduate School student for 'participation points' in each week's whole-class discussion.
