Reference no: EM131266548
Please provide assistance and answer thoroughly my answers are below and were not sufficient.
1.) Explain the purpose of a risk breakdown structure (RBS). This structure may be prepared Top Down or Bottom Up. Explain the differences in these approaches. Answer:
RBS segments risks. Risks can be segmented from greatest risk to least greatest risk, and least greatest risk to greatest risk.
2.) The steps of root cause identification and analysis are: gather data, chart the causes of the risk events, map the causes. Briefly explain these steps
Answer:
With root cause identification the problem is never the problem. This is the best way I can remember it. When gathering data the project manager must look at the risk at hand and pry to see if the risk is the core risk or a symptom of a greater risk not yet identified. Asking questions like why did this happened and then after that's answered ask why did this happened to the questioned answered until you run out of why questions. Next charting the risk events means taking each why question and turning it into an isolated event. Dissecting it and getting as much information about it as possible. Once that is complete mapping the cases means putting it down on paper and to find any indications of the risk origins.
3.) Explain the Crawford Slip Method (CSM).
Answer:
CSM is used to gather information. I know the process uses redundancy by repeating the same information bein asked over to see if different responses are given. This makes it possible to collect a lot of information because by asking the same question over and over again different risks will eventually come to light.
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