Strategies that a project manager implement to project risk, Project Management

Assignment Help:

Explain TWO strategies that a project manager might implement to address a project risk.  

Risk avoidance - this strategy would be 'exiting the method that is giving rise to the risk'. This would mean aborting the entire project or changing or abandoning particular goals or objectives of the project.

Risk transference - subcontract the risk to a third party like as a specialist supplier who is more experienced in handling the risk. Insurance is another method to use to transmit some elements of risk.

 


Related Discussions:- Strategies that a project manager implement to project risk

Risk.., explain what is meant by scope risk

explain what is meant by scope risk

Explain the sources of conflict, In response to changing customer demands a...

In response to changing customer demands and strong competition, the new product development team of Z Company has been working on a new product range. However, the process has not

What must be the responsibility of the project manager, What must be the re...

What must be the responsibility of the project manager into relation to the business case? Idyllically, the project manager must be appointed early adequate to give to the deve

Steps of project manager to enhance likelihood of project, Ideally, the nee...

Ideally, the need for an IS project would be given in some detail before planning begins. When the requirement is not detailed adequate, what steps can the project manager take to

System and simulation specifications, Input Data Collection The input d...

Input Data Collection The input data for the model was collected accurately to be as close as possible to a typical emergency room. We expected that the number of patients comi

Assessing Infrastructure Project-Related Risks, The Three Gorges Dam is pot...

The Three Gorges Dam is potentially one of the largest, if not the largest infrastructure projects completed in the 21st century. Clearly, there were a number of key risks that the

Developing a Proposal, Your first assignment is to complete a Project Prop...

Your first assignment is to complete a Project Proposal. You are expected to produce a thorough and professional treatment of every element of the deliverable. The page length asso

How is risk management assist in project management software, How is risk m...

How is risk management assist in project management software? Risk management: Project management software will assist manage the sheer complexity of managing funds and tools,

Risk, Choose an organization of your choice and briefly describe the main r...

Choose an organization of your choice and briefly describe the main risks to which development projects are exposed

Define how you would estimate the quality control, Define how you would est...

Define how you would estimate the quality control and familiarisation activity. Quality control can be added like a percentage on top of all 'doing' activity like creating prog

Write Your Message!

Captcha
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