Reference no: EM131155204

MANAGING PROJECT TEAM

1 ) "Examples of Project Uncertainties." Please respond to the following:  

• Discuss why it is useful to consider both unfavorable risks and favorable uncertainties as part of the project planning process.
• Support your discussion with an example from your own work or personal life in which an unfavorable risk interfered with your ability to execute a project as you had initially envisioned it.
• Support your discussion with an example from your own work or personal life in which an unexpected positive uncertainty caused a project to turn out better than you had envisioned it.

2) "Uncertainty Assessment Planning and Bias." Please respond to the following: 

Review the Lake Washington Bridge Sinking article on the historylink.org Web site.

• In hindsight, where would you place the risk of water entering the pontoons in the uncertainty matrix presented in textbook Exhibit 6.2? Why?
• Identify and discuss at least one (1) positive outcome that could have emerged from this project crisis.
• Examine the biases (see Appendix 6A) that might have prevented the team from seeing this risk as a possibility.