(TCO A) A risk is
an indication of something going wrong in a project.
a possible event that could impact a project.
a known event that will occur during the project that will do harm
to the project.
a negative event within a
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PROJ 595 Project Risk Management
Week 4 Part 1
Course Project: Application of Risk Management to a Project
Course Project Part I
For this project, you may choose a project that is of interest to you, or you may
choose to begin planning for yo
1. (TCO A) A stakeholder analysis in risk management (Points : 5)
identifies project stakeholders.
obtains stakeholder tolerance for a given project.
determines how best to manage a given stakeholder in a project.
determines how often to meet with a given
Why Practice Risk Management? (graded)
Many companies today do not practice proper risk management, or in some cases, any
risk management at all. What examples do you see in industry or government of poor
In the military service risk management was a stan
Question 1. (TCOs A and B) An EVM analysis employs which factors to evaluate risks?
(Points : 5)
Risk and impact
Probability and urgency
Impact and probability
Decision trees and reliability of data
Question 2. (TCO G) You have completed all design drawin
PROJ 595 Proj Risk Management Week 3 Risk Paper 1 Answer
Write a two- to four-page paper regarding a project, either real or fictitious, where
one is able to discuss how risks were identified, ranked, and monitored. The student
is also welcome to write ab
Risk Monitoring and Control (graded)
What methods have you seen used or have you used to monitor and control for risks?
How effective have these methods been in controlling risks? What are some general
symptoms for a project beset by risks?
Known Risks ar
New Risks (graded)
During the course of the project execution, new risks may be identified or we may find
secondary risks arising when dealing with identified risks that occur. As the person who
identifies this new risk, what steps do you think you should
ATOM and PMBOK Guide (graded)
Both the ATOM and the PMBOK Guide processes are designed to be simple, scalable
formats for performing risk management that can be applied to any project. Why do
you think that it is a benefit to carry out a risk management a
Week 7 - Organizational Management of Project Risks
Contracts are one important way to control risk on a project. Contracting ties directly back to
transference as a response strategy for a negative risk. Contracts typically play a vital role in
Individual updates from
Project Status Team members and
team members and
Project Status All members and
Project and possible issues
What is your project going to accomplish? How does this project relate to ove
My name is; I am one candidate that is seeking a position with a stable company
with upward mobility and opportunity for growth. My legal experience has not
only made me increase my ability to articulate but to have compassion for
I earned my L
Meet with Contractor
Review Blueprint of Building
Create Blueprint of Layout
Create Construction Timeline
Determine Materials Needed
Approve the Construction Starti
Project Scope Statement
Updating the network will allow the company to have a more
Decision Tree Analysis
Professor James Hiegel
The project consists of updating a computer network at CHSi. Updating the current
network will allow for a more versatile network including updated security, u
1. How did the assumption of risk play a part in the type of contract used?
With the contract I work with at work, I am not sure of the type of contract that
was used, but I have learned that even after six months of planning, we assumed we
covered all of
A couple of years ago, my wife and I both decided to return to school, her for her
Masters and me for my Bachelors. We were living with my brother-in-law at an apartment and
my wife started school. Shortly thereafter, I started my Bache
Week 1 Lesson
What is risk? How should we define it? Well, risk is defined as the following by the Project Management Institute: An
uncertain event that if it occurs will have positive or negative impact on project objectives. So risks can be
Grading Rubric for Paper #1
Flow of paper
10% Supporting docu
Running Head: RISK MANAGEMENT PLAN
KELLER GRADUATE SCHOOL OF MANAGEMENT
MANHATTAN CAMPUS, NEW YORK.
Redevelopment of Evergreen Park Project.
PROJ 595 PROJECT RISK MANAGEMENT.
Contract Management Part 2 (graded)
From the case study used in the first discussion, answer these additional questions.
Why was putting too much risk on another company a negative thing?
If one is paying for risk mitigation, then why not outsource all ri
Contract Management Part 1 (graded)
This case study will be used for both of this weeks discussions.
You are the project manager for a new multimillion-dollar building renovation for your
organization. The company needs to maximize the space that it has,
Senior Management and Risk Management (graded)
We have now covered the entire risk management process. Please consider a major
event, such as the BP oil spill in the Gulf of Mexico. What role does senior management
have in risk management? Where do ethics
Decision Tree Analysis (graded)
What do you see as the pros and cons to decision tree analysis? When do you see being
able to apply it to your personal or professional life? What other possible systems exist
to map out risk?
Operational risks are present
Response Appropriateness (graded)
One of the key elements in building a risk response is appropriateness. How would you
describe what this concept means? Think in terms of what it means to you, not what you
have read about the idea. Please provide example