Silver Fiddle Construction
Identifying Potential Risks
Economic issues (changing cost of fuel, changing cost of labor)
Scheduling (unable to meet the deadlines.)
Some other human issues (sub-contractor a
Peak LAN Project
I) Identifying Potential Risks
- Backup strategies if chosen technology fails and if required Windows platforms are
- Imposed duration dates (Hardware 22 Jan Training complete of
GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY
INTAKE 33 3rd SEMESTER
ASSIGNMENT - 1
DATA STRUCTURES AND ALGORITHMS I
This paper has 5 Questions. Answer ALL Questions.
Submission date: 12th May 2017, before 14:00.
INFORMATION SYSTEMS MANAGEMENT
LEVEL III - 2015
Answer ALL questions.
Marks will be awarded for good presentation and thoroughness in your approach.
NO marks will be awarded for the entire assignment if any part of it is found to b
Q3). What is the difference between avoiding a risk and accepting a risk?
The meaning of the term Risk must be understood clearly for effective project risk
management. In the context of a project, we are concerned about potential impacts on project
The chances of risk events occurring and their respective costs increasing change over the
project life cycle. What is the significance of this phenomenon to a project manager?
The chances of risk events and estimated costs changing over the pr
Review Question 03: The Difference between Avoiding a Risk and
Accepting a Risk
Risks are potential problems that may affect successful completion of a software project. Risks
involve uncertainty and potential issues and in a project it cannot be neglecte
08. What are the major differences between managing negative risks versus
positive risks (opportunities)?
Negative risks are unwanted and potentially can cause serious problems and derail the project,
positive risks, on the other hand, are opportunities a
07. What are the likely outcomes if a change control process is not
It is likely that costs will blow out and project will run late. This is because the change control
system acts as a barrier to scope creep. In other hand, if a change control
How are the work breakdown structure and change control connected?
Dividing complex projects to simpler and manageable tasks is the process identified as Work
Breakdown Structure (WBS).
Usually, the project managers use this method for simplifying the
05. Explain the difference between budget reserves and management
Budget Reserves means to reserves that are identified for specific work packages or segments of
a project found in the baseline budget or work breakdown struct
XSU Spring Concert
Identifying Potential Risks
Firstly, we can state that, as with most projects, there are several risks that occur when it comes
to the execution of this spring concert. To make the risks more easily viewable, it is prefer