Can surprises be reduced, Project Management

Assignment Help:

Q. Can surprises be reduced?

Yes absolutely! By their vary nature projects are uncertain business and uncertainty can lead to both risk and opportunities. As a result a very important part of a project manager's job is management of risk and Risk Management. The idea is to move possible uncertainties away from risk (that is adverse time and cost implications) and towards opportunity (that will enhance the project and make it more successful). To do this potential risks should first be identified and preferably grouped in some way analysed and then appropriate defensive responses initiated such as workarounds or insurance. Failing that prepare unforeseen event plans as a precaution.


Related Discussions:- Can surprises be reduced

Risk management in the tqm framework, Risk Management  in the TQM Framewor...

Risk Management  in the TQM Framework   Total  Quality Management (TQM) is one of the widely used project management technique or approach. TQM mainly concentrates on process m

Define why the concept of ppso arose into the first place, Define why the c...

Define why the concept of PPSO arose into the first place. The basses of the PPSO lie into the provision of administrative maintain for project managers, to look after several

Explain the methodology of sequencing the activities, Question 1 For a...

Question 1 For an event manager, organizing an AGM would be a relatively 'dry' affair as the elements of entertainment, decoration and catering are missing in this event (some

The factors affected to culture of the organisation , The culture of the or...

The culture of the organisation will be strongly affected by the history of changes in the organisation and how they were accomplished.Culture is related to shared values and belie

Management responsibility on quality control, Management Responsibility ...

Management Responsibility a. The quality policy shall be defined documented understood implemented and maintained. b. Responsibilities and authorities for all personn

Brand, contents for introduce a new brand.

contents for introduce a new brand.

Elaborate the four possible choices in allocating the risk, QUESTION Ri...

QUESTION Risk is inherent to all projects. With increasing market competition, technology and globalisation, risk management is continuously gaining wider acceptance and import

Budget, Budget A budget is a financial preparation or planning and a re...

Budget A budget is a financial preparation or planning and a record of all planned expenses and revenues. It is a plan for borrowing, saving and spending. A budget is a sign

Calculate the net present value for each opportunity, Question: A brill...

Question: A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000

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