Formulate risk management plan

Assignment Help Operation Management
Reference no: EM132191966

A local construction project’s implementation has been hampered by lengthy delays and a de- motivated project team. This is Alan Sampson’s first project and so far he has regretted its undertaking. On the bright side Alan has a very inspiring and positive project sponsor who is willing to provide additional funds to assist him in improving the project execution with the use of proper project management techniques.

Identify three (3) possible project threats for Alan’s project.

For three (3) of the risks identified above explain the risk response measures that Alan should apply.

Explain the steps to be taken to formulate a Risk Management Plan.

Why is it important to monitor the ongoing performance of a project and list three (3) tools used to monito the performance of a project.

Reference no: EM132191966

Questions Cloud

Value proposition and value discipline : In light of the IndiaMART organization’s Value Proposition and Value Discipline,
Includes ever-increasing interactivity with customer : Research and describe a new business model that leverages Web 3.0 characteristics, which is co-creation and includes ever-increasing interactivity with customer
Denotative meaning of word is dictionary definition : The denotative meaning of a word is the dictionary definition. How did language and critical thinking figure into this situation?
HRM organization strategy : HRM organization strategy. Competitive advantages through HRM
Formulate risk management plan : Identify three (3) possible project threats for Alan’s project. Explain the steps to be taken to formulate a Risk Management Plan.
Service-profit chain as applied to specific company : This minor project asks you to demonstrate your understanding of the service-profit chain as applied to a specific company.
Construct the bookstore payoff table : Construct the bookstore's payoff table. How many cases should the bookstore stock in order to maximize profit?
HNetExchange and HNetPay and HNetConnect : Company Products Health Network has three main products: HNetExchange, HNetPay, and HNetConnect.
Which is cheaper-breakdown or preventive maintenance : The monthly cost of preventive maintenance would be $300 a month. Which is cheaper, breakdown or preventive maintenance?

Reviews

Write a Review

Operation Management Questions & Answers

  Four forces in the general environment of organizations

Identify at least four forces in the general environment of organizations and provide an example of each for an industry or business. How do these forces differ from the external stakeholders in the task environment? What is MBO? Describe the process..

  Best way to organize your risk assessment data

Which of the following describes the BEST way to organize your risk assessment data

  What benefit would using the optimal order quantity yield

Garden Variety Flower Shop uses 890 clay pots a month. The pots are purchased at $3.70 each. Annual carrying costs per pot are estimated to be 50 percent of cost, and ordering costs are $30 per order. The manager has been using an order size of 1,000..

  Prepare a simple matrix using faculty-approved organization

Your matrix should include various elements and a minimum of three industry examples to support your analysis.

  Propose a communication plan that builds on these efforts

Select one health behavior that is consistent with your final assignment topic and two health communication initiatives directed at that behavior.

  When have others conflicts of interest impacted

When have others’ conflicts of interest impacted how you or those you know were treated? Why do you believe conflicts of interest are so pervasive in society? Why don’t we take more steps to avoid them? Why is it so hard for individuals to recognize ..

  Find the firm break-even point in sales dollars

Your supervisor in the controller's office has just handed you a memorandum asking for written responses to find the firm's break-even point in sales dollars?

  Develop competitive profile matrix

Develop a Competitive Profile Matrix for Hershey Company Purpose Monitor competitive performances and strategies is a key aspect of an ecternal audit.

  Carry out a creative digital marketing campaign

Design, plan and carry out a creative digital marketing campaign for Uber launching its wheelchair accessible cab service in New Zealand.

  Government help to reduce the effects of globalization cons

How can firms and the government help to reduce the effects of globalization's cons?

  Principles are beliefs that are universal in nature

Principles are beliefs that are universal in nature. What does that mean (in your own words not from the book or a source).

  In which of the four types of organizational cultures

In which of the four types of organizational cultures - family, Eiffel Tower, guided missile, incubator- would most people in the United States feel comfortable? Base on your answers, what conclusions would you draw regarding the importance of unders..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd