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Running head: COLLABORATION: RISK BREAKDOWN STRUCTURE FOR A FOOD1Collaboration: Risk Breakdown Structure for a Food Bank ProjectTravis SimpsonPJM410-1 – Assessing and Managing RiskColorado State University – Global CampusJimmie Flores, Ph.D.August 10, 2018
COLLABORATION: RISK BREAKDOWN STRUCTURE FOR A FOOD2Collaboration: Risk Breakdown Structure for a Food Bank ProjectThe use of risk breakdown structure (RBS) allows for the risks of a project to be identified, assessed, understood and managed effectively (Hillson, 2002). Having a better understanding of risk within a project the project manager and project team can better plan and prepare for some risks and handle other dangers before they become an issue. The risk is best to be broken down into sections for easier management and understanding. Once they are organizedaccordingly, professionals from that area of expertise can be used to help handle and prepare for the risks. During the risk breakdown structure, the use of the risk assessment is used to help identify a means of managing the risk. With the research associated with project planning along with the combination of other methods and tools at an organizations hands, one can help eliminate the chances of risks (Prijatelj, Rajkovic, and Sustersic, 2013). One of the methods to help manage and reduce unnecessary risk is the use of the cause-risk-effect format. For an understanding of the ways, it will be conducted on a Food Bank Project.The Cause-Risk-Effect Format Used for the Food Bank ProjectThe cause-risk-effect format can be summoned by saying, “If ______ <definite cause> occurs, then the _______<uncertain event> may occur, resulting in the ________<effect on objective(s)>.” When the risk and potential events are placed within the designated sections, and the risk is not fixable with crashing, fast-tracking, re-estimating, removing the scope, or other schedule adjustments, then the risk can be placed within the RBS. Frenehard (2016) stated, “…try to use a ‘what-if’ type of approach…” (para. 4). During the creation of the Food Bank Project, the use of the ‘what-if’ approach was used to create the RBS (See Appendix A). Within

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Term
Spring
Professor
Jimmie Flores
Tags
Project Management, risk breakdown structure

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