How does the affect normal success criteria

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Reference no: EM132526716

Provide a graduate-level response to each of the following questions:

Question 1: Give some examples of projects using each of the risk mitigation strategies (accept, minimize, share, or transfer). How successful were these strategies? In hindsight, would another approach have been better?

Question 2: Consider the following observation: "The problem with risk analysis is that it is possible to imagine virtually anything going wrong on a project. Where do you draw the line? In other words, how far do you take risk analysis before it becomes overkill?" How would you respond?

Question 3: Imagine you are developing a software package for your company's intranet. Give examples of the various types of costs (labor, materials, equipment and facilities, subcontractors, etc.) and how they would apply to your project.

Question 4: Consider the following statement: "Government-funded projects intended to serve as ‘prestige projects,' such as the Sochi Olympics, should not be judged on the basis of cost." Do you agree or disagree with this statement? Why?

Question 5: Project success is defined as adherence to budget, schedule, functionality (performance), and client satisfaction. Under these criteria, cite evidence that suggests the Sochi Olympics project was a success and/or failure.

Question 6: When a project has a "hard gate," like being ready on time, how does that affect normal success criteria? Is it fair to judge a project with a critical completion date by normal project success standards? Why or why not?

Question 7: Consider the problems with the Rio Olympics sites that quickly occurred following completion of the 2016 Summer Games. Access the internet to find evidence of the current state of the Sochi Olympic site. How is it being used and what are the current problems and opportunities for Sochi?

Reference no: EM132526716

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