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

Developing a project management structure, Problem 1: Describe the seve...

Problem 1: Describe the seven Baldrige criteria 1. Leadership 2. Strategic planning 3. Customer and market focus 4. Measurement, analysis and knowledge management 5. Human r

Components of supply chain management, Components of Supply Chain Managemen...

Components of Supply Chain Management Today, it is the basic requirement amongst customers that businesses produce defect-free products to the customer faster and be more consi

What is organisation structure in frame work of authority, What is organisa...

What is organisation structure in frame work of authority and responsibility? Organisation Structure: This structure is the systematic arrangement of the people working f

Continuous improvement - elements of tqm, Continuous improvement: The ...

Continuous improvement: The library should set goals for continuous improvement. To develop this a focus  on training,  education, communication, recognition  of achievements

Project risk and procurement management, The management of risk is proving ...

The management of risk is proving to be one of the most difficult tasks for the project management profession. How can risk be managed effectively and who should be responsible for

How are technical skills required for a successful manager, How are the tec...

How are the technical skills required for a successful manager? Technical skill consider to the proficiency in handling processes, methods and techniques of an exact kind of in

Real life project, Real life project make as a project manager do it critic...

Real life project make as a project manager do it critical evolution 3000 words

History of iso, ISO 9000 series of standards on quality system was formu...

ISO 9000 series of standards on quality system was formulated by international organization for standards in order to meet the requirements of internationally uniform q

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