What project risk management processes do you think

Assignment Help Management Theories

Reference no: EM133832331

The Dubai man-made islands was supposed to be an amazing project that would produce new real estate developments. The only problem is there have been many setbacks. View the video about the man-made islands project. Then review the questions and instructions for this week's assignment. As you viewing the video, think about risk management and quality management as it relates to project management. Based on the facts surrounding this initiative, it is clear that risk management and quality management could have helped this initiative and can help future initiatives for these islands. As project managers, we have to be able to look at past initiatives and think about what changes we can make on new initiatives. Also, we have to be able to look at future initiatives and be able to have an efficient risk management and quality management strategy to help a project as you move forward and new information becomes available. As you learned this week, risk management, quality management, and uncertainty play a key in a project's success.

Check out this 8-minute 1-second The Failure of Dubai's $10 Billion Artificial Islands YouTube video.

For this assignment, you need to create a presentation about how prudent risk management and quality management strategies can aid future Dubai man-made island projects. Of course, now that you understand uncertainty, this should be part of your strategy as well. Make sure as you create your presentation that you think about the principles of project management. Feel free to use other sources than the texts for this class to help you. Your presentation should address the following.

Question 1. What project risk management processes do you think will add value to any future Dubai man-made island projects?

Question 2. Explain why a Dubai man-made island project manager, or any stakeholder, should include uncertainty outcomes in their risk management practices. Get expert help with your assignments!

Question 3. Do you feel the past Dubai man-made island project managers follow due diligence regarding the creation of a risk management plan, assess all major risks, and develop appropriate risk responses and a plan for monitoring risks? Explain your rationale and remember, you are basing your answers solely on the results of earlier efforts. You can do research but it isn't necessary. You are using your understanding of risk management principles to provide your perspective as a project manager professional.

Question 4. Should the risk events have been identified in the beginning by practicing sound quality control? Explain why or why not with details.

Question 5. What are some contingency plans or actions that could have been taken by the Dubai man-made islands project managers to limit the impact of this possible risk event and other such related events the projects faced?

Question 6. What quality management components should be considered for a project such as the Dubai man-made islands? Explain your position based on what you have read and reviewed. You can do additional research if you like.

Question 7. What would be your quality assurance recommendations for such projects in the future based on the project in this case?

Question 8. What are your risk management, quality management, contingency planning, and uncertainty recommendations for any future Dubai man-made island projects?

Question 9. Your submission should reflect your research and analysis, synthesis, and evaluation of the case.

Question 10. Only one person on the team needs to submit the deliverable for the rest of the team.

Reference no: EM133832331

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