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

Whole healing system and modality, 1)  Compare your chosen Whole Healing Sy...

1)  Compare your chosen Whole Healing System and Modality by considering: a)  When and by who were they 'invented'? b)  How have the therapies changed over time? c)  What

Risk management responsibilities, Risk Management Responsibilities   Ea...

Risk Management Responsibilities   Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T

Principal advantages and disadvantages sequential approach, Are the princip...

Are the principal advantages and disadvantages of the sequential approach to system development offered through the waterfall and ‘V’ lifecycle models? The waterfall approach a

Misconceptions and pitfalls, The followings is a list of some of the comm...

The followings is a list of some of the common misconceptions that should be understood by those claiming to have used quality by design: 1. Quality by design is not simult

Combined layout, Combined Layout The application of the principle of p...

Combined Layout The application of the principle of product layout, process layout or fixed location layout in their strict meanings is difficult to come across. A combination

What is the important role of planning in the management, What is the impor...

What is the important role of planning in the management? Planning: Planning can be described as deciding in advance regarding the goals to be pursued through the enterpris

Project closure, Project Closure   Project closure is the last stage of ...

Project Closure   Project closure is the last stage of the Project Life Cycle. The beginning of the Project Closure Phase is analysed by the completion of all project objectives

Mbo process, MBO process MBO is the process of collaborative goal setti...

MBO process MBO is the process of collaborative goal setting between the manager and his or her subordinates. It assumes that goals are consistent or compatible from the highes

Determine the critical path by activities and duration, Determine the criti...

Determine the critical path by activities and duration. Activity          Duration (Wks)       Preceded by A                     5                               -

Total quality management approach within 2jn, 2JN is a large manufacturing ...

2JN is a large manufacturing organisation which is structured with a number of supervisors every responsible for their own work production unit. Supervisors report to a team of sen

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