How to respond to risks

Assignment Help Project Management
Reference no: EM1343026

How to Respond to Risks

As a project manager, the risk assessment is one of the most important pieces of project documentation. In the risk assessment, you will also determine what risk approach to take. There are four alternatives to responding to risks in project management: Avoiding, Assuming, Reducing, Transferring.

Reference no: EM1343026

Questions Cloud

Purpose of the project management : Summarize the purpose of the Project Management Institute and provide your thoughts on the PMI methodology and the five phases of the project.
Project management-schedule, budget, cost estimation : Prepare a project schedule in Microsoft Project 2007 and explain the rationale behind time and cost estimation methods and why you would chose one method over another
Describe about project management and responsibilities : Explain the connection between Project Management and an organization's Strategic Plan and briefly explain the task decision making responsibilities under the three project management matrix structures
Responding to risk - four alternatives : Describe what are the four alternatives a project organization can adopt in deciding how to address and respond to its risks
How to respond to risks : How to Respond to Risks - As a project manager, the risk assessment is one of the most important pieces of project documentation.
Who are the main stakeholders of a project : Project Stakeholders - who are the main stakeholders of a project?
Prepare a project scope and schedule : Develop Project Scope and Schedule for Project Management - How would a consultant develop the project scope and schedule for Wal-mart?
Show the trade-offs in project plan : Trade-offs in Project Plan - Explain what advantages does a CIO bring to a business?
Role of project manager and project sponsor : Role of the Project Manager and Project Sponsor - Explain what can the project sponsor do to help the project manager?

Reviews

Write a Review

Project Management Questions & Answers

  Stakeholders and accounting ethics

Mike Singletary, president of Singletary industries, wishes to issue a press release to bolster his company's image and maybe even its stock price which has been gradually falling. Who are the stakeholders in this situation?

  Project management-manage stakeholder expectations

Explain how would you work with a stakeholder who threatens to go over your head and complain to your supervisor if you cannot guarantee specific results

  Characteristics of effective project manager

Fully explain and describe the functions and necessary characteristics of an effective project manager.

  Hiring project manager for most challenging projects

If you were in charge of hiring a Project Manager for one of the world's most challenging projects, what well known person would you choose to lead it and why?

  What do you realize by term trade-off

What do you realize by term "trade-off"

  Implementation of good disaster prevention procedures

A business disaster takes place when, despite the implementation of good disaster prevention procedures, normal business operations stop.

  Constructing a decision tree

Sue will see a loss of $90,000. of course, she could always decide not to build the retail store. Construct a decision tree.

  Benefits of project management

What are the benefits of project management? Provide an example of how you have relied on project management.

  Determining early and late start and finish times

Determine the early and late start and finish times and the slack times for the activities. Identify the critical path.

  Augmented reality technologies

What is augmented reality? Give an example. Describe how augmented reality technologies could be used in e-commerce. Discuss some of the unique features that must be taken into account when designing a mobile Web presence.

  Designing new it services for business

You have been promoted to manager of a six-member team responsible for designing new IT services for the business.

  Forecast the cash flows generated by project

First, Forecast the cash flows generated by project X over its economic life. Second, determine the appropriate opportunity cost of capital(r).

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