How were these risks handled or mitigated

Assignment Help Operation Management
Reference no: EM132866479

Risks can occur as a result of both known risks,such as for newer tasks there may be a learning curve that causes delays in the delivery of a task, and unknown risks, such as events like an earthquake or tsunami. Also, some suggest that they take calculated risks, where careful consideration is taken before taking on a challenge. Risk management, in essence, is doing the same thing in a more formalized process. The discussion assignment for this week will be an evaluation of how risk management can be a contributor versus an inhibitor to a project.

The following Discussion Board task will assist you in evaluating various types of risk. Research at least 2 sources (which may include your textbook) to support your response.

Describe a project that you were involved with, or are familiar with, and the types of risks (at least 5) that occurred.

How were these risks handled or mitigated?

When the risk occurred, what impact did it have on the overall project, such as from a cost and schedule-deadline perspective?

If a risk management process was not in place, explain why it may have helped. If a process was in place, did it help, and why?

Reference no: EM132866479

Questions Cloud

Discuss how project leadership played role in its success : Discuss how project leadership played a role in its success or failure. Discuss how the organizational structure played a role in its success or failure.
Combining tasks-creating solid relationships with client : The high-priority actions that Steve Morgan should take as a president of Electro Logic:
Prepare the adjusting entry that should be recorded : During the month of June, Larkspur Boutique recorded cash sales of $292,950 and credit sales of $125,265, Prepare the adjusting entry that should be recorded
What are objectives in completing the internship : How might this internship help you refine or pursue your long-term goals? What are your objectives in completing this internship?
How were these risks handled or mitigated : How were these risks handled or mitigated? What impact did it have on the overall project, such as from a cost and schedule-deadline perspective?
Find out capital cost and accumulated amortization : Find out Capital Cost, Accumulated Amortization, Net Book Value, and Amortization Expense for 2005, 2006, and 2007 using the following methods
Discussion-purposeful sampling and saturation : What is a good sample in qualitative research? It is NOT about size or generalizability.
Discuss how the developments impact the global community : Discuss how the developments impact the global community; and discuss the ways that the global culture has more or less integrated in the recent years.
Leverage global business strategies : Think about how globalization has changed the way that firms operate today. How might a new firm today leverage global business strategies to succeed?

Reviews

Write a Review

Operation Management Questions & Answers

  Deputy assistant associate vice-president of intergalactic

"Bob is the Deputy assistant Associate Vice-President of Intergalactic Industries. One day his boss, Big Joe, called Bob into his office and told him that because Intergalactic lost a big government contract, he had to let Bob go. What questions shou..

  Project initiation process group includes processes

Project initiation process group includes processes from two project management knowledge areas – Integration and Stakeholder management. Which of the following is an output of the project initiation process group?

  Statements about demand management

Which one of the following statements about demand management is FALSE?

  Discuss the essential steps that your organization can take

Compare the relationship of hospital's corporate liability with that of each employee's vicarious liability in the event of an error.

  Describes the testing for imaginary system

Design a generic test plan that describes the testing for an imaginary system, make sure to address unit, integration and system testing.

  Preparing a marketing research report

A coworker has just finished preparing a marketing research report and has asked you to look it over before he submits it to his client. When reviewing the report, you notice that it is missing the research methods and procedures section. describe wh..

  Find twitter appropriate communication channel

When might a manager find twitter an appropriate communication channel? When might a manager want to discourage employees from using Twitter?

  Create document flowchart

Madison Water district bills its customers on a monthly cycle. At the end of each month a meter reader goes into the field with a meter reading worksheet listing all of the customers on that route. The reader takes the ending reading from each meter ..

  Minimize threats from the changing alliances of the world

What kind of strategies can companies now use to benefit from either new opportunities or minimize threats from the changing alliances of the world?

  Radio advertising is the most expensive advertising medium

Radio advertising is the most expensive advertising medium.

  What is the proposed choice for the legal form of business

What is the proposed choice for the legal form of business? What types of business organizations are available to entrepreneurs?

  Managers using job-centered leader behavior

Political behavior in organizations can be managed by. Managers using job-centered leader behavior:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd