Reference no: EM133592328
Problem
Chapter 7 of the Pinto text discusses risk management. Common categories of risk include financial, technical, commercial, execution, and contractual/legal risk. Common risk mitigation strategies include accepting risk, minimizing risk, sharing risk, and transferring risk.
Examine the case study titled "Classic Case: de Havilland's Falling Comet."
Provide an APA-compliant analysis of at least 750 words (3 pages), excluding title page and references, that analyzes the risks encountered within the project and how the impact of the risk mitigation strategies employed contributed to the events that ensued.
In your analysis include:
A. A brief summary of the project's risks as articulated within the case study. Specify risks within at least three of the five categories (financial, technical, commercial, execution, and contractual/legal).
B. A brief summary of the project's mitigation strategies (accept, minimize, share, transfer) for each of the three risks you discussed.
C. Reference-based conclusions relating to how the impact of the risk mitigation strategies employed contributed to the fact that after two years the Comet 1 was never to fly again.
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