Managing Risk – The Human Factor
Evaluate the project you identified in Week 10, Discussion 1, in more detail by completing the tasks listed below. Note that you will need to conduct further research on the project using the Internet as a resource in order to address all aspects of this assignment.
Write a six to eight (6-8) page paper in which you:
- Evaluate the project scope.
- Determine the two (2) major risks associated with the project. Explain each of the identified risks.
- Examine the levels of uncertainty and complexity for the project.
- Analyze the type of project learning that is addressed. Justify your response.
- Examine the organizational mind-set and explain its impact on the project.
- Propose changes you would recommend to the infrastructure for lessons learned.
- Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
- Analyze the project risk identification and assessment processes.
- Examine the various types of project risks.
- Analyze the process for diagnosing uncertainty and complexity in projects.
- Evaluate the types of learning in projects.
- Evaluate the organizational infrastructure for managing high-uncertainty projects.
- Use technology and information resources to research issues in managing project risk.
- Write clearly and concisely about managing project risk using proper writing mechanics.
Solution Preview
Project risk management aims to reduce the likelihood of failure of the project. A risk is defined as an uncertain condition or event that can have negative or positive impacts if it occurs. Although all projects are intended to succeed and have positive outcomes, various risks may arise, as a consequence of the project, or risks that may occur from project implementation. The level of project risk management within an organization is a key factor determining the success and performance of a project.
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