Project Managment 4

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Part One: Discussion – Evaluating Project Risks — Due – Tuesday – 10/24/17

(150 Words)

In this discussion, please address the following:

  • Discuss the reasons as well as the advantages and disadvantages on why a project manager creates and manages a project risk matrix.
  • Do you believe it is possible to eliminate all risk from a project? Explain your reasoning.
  • Discuss the advantages of using quantitative risk assessment tool.

Part Two: Written assignment -Assigning Project resources

Activity

Research the activity of assigning resources to a project and discuss the following:

  • The steps a project manager must take to make sure their project is receiving adequate support.
  • Techniques used in the assignment of resources (human capital).
  • When is it necessary to “level load” a project?
  • Steps a project manager would take if the needed resources were not available for their project

The paper is to be no more than 3 pages, in APA format.

Part Three: Module 04 Course Project – Quantify, Qualify, and Evaluate Project Risks

Risk Matrix

Fill out the project risk assessment matrix (template linked below). Be sure to include the following information in the matrix:

  • Identify and name at least three risks and name them (Risk name)
  • Determine the expected costs for each named risk
  • Determine the Risk Probability for each named risk
  • Factored Risk Value (should automatically calculate using the provided template)
  • Determine the Risk Impact to project (using drop down menu in the provided template)
  • Provide the Risk Mitigation Plan
  • Provide the Expected Risk retire date (when the risk is no longer a risk)

Risk Assessment Matrix

https://www.studypool.com/discuss/4774752/project-…

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