What is risk and how can risk impact a project

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Problem

Question A. What is Project Management? Why is it important?

Question B. What are the benefits of developing Project Management Skills? Why?

Question C. Below is a list of project management approaches? Pick 3 to compare and contrast. Make sure to provide an overview of each of the 3 approaches, as well.

a. Agile Project Management
b. Waterfall Project Management
c. Process-Based Management
d. Benefits Realization Management
e. Critical Chain Project Management
f. Extreme Project Management
g. Lean Project Management
h. Earned Value Management

Question D. What phases in a project's lifecycle are recognized by PMI (Project Management Institute) and what is the PM's responsibility in each phase?

Question E. What is Stakeholder Management? How can poor stakeholder management impact a project?

Question F. What is Risk? How can risk impact a project? Is risk always negative?

Question G. What is the "3-legged stool" in project management? Explain.

Question H. Why do projects fail? Provide examples of the type of reasons for project failure.

Question I. When a project fails who should take responsibility? What about when a project is a success?

Reference no: EM133483658

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