Explore BrainMass

Managing Risk as a Project Manager

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Asking your fellow project managers to provide input on the risk-management approach. Responsible for the following:
-To refresh the project managers' memories, provide them with a condensed statement of the problem that you are addressing.
-Additionally, provide them with the bulleted list of the impacts on the organization.
-Through your research, you must determine how you intend to manage the risks on this project.
-Provide them with a work breakdown structure (WBS) that captures the high-level activities for the project.
-Additionally, identify your basic risk-management methodology and the categories of risk that will need to be addressed.

Include the following items to fellow project managers:
-A condensed statement of the problem being addressed and where in the organization it exists
-A list of the impacts on the organization if the problem is not resolved
-The method to be used in analyzing and managing risks
-A WBS with all of the highest level activities
-The categories of risk that will be addressed

Please read attached document..background information...

© BrainMass Inc. brainmass.com October 25, 2018, 9:41 am ad1c9bdddf


Solution Preview


Hope you are well.

-To refresh the project managers' memories, provide them with a condensed statement of the problem that you are addressing.

Focus on the main objective in the problem within the project that reflects an underlying need to redirect resources, in order, to accomplish project initiative. In the case study example, the main issue is in relations towards conflict between departments unwilling to working towards a synergy of commitment for excellence. In the beginning the project planning is only sufficient and productive with initial pre-assessment to the types of teams required to facilitate the project towards completion. In the rush for project starting and leading to project completion, the opportunity is lost on regards to rather creating the activities required from project scope initiatives. Therefore, in assessment an organization should conduct mandatory analysis on existing or possibilities of issues that prevents in progression the project forward, such as, the personality differences with department leads of management or employee's scheduled days on the actual project.

Try and assess core elements in reference to the element of organization currently causing the conflict - that a restructuring of work teams deems more productivity to moving the project forward. The focus on identification of the element of issues within the organization should hone as the main component for refreshing the project manager's core memories of the condensed statement of relevance. In doing so, the conflicts in the production department entail lack of an increasing element of comprising to rendering a lasting relationships between individuals and groups within the organization to focusing on nonissues related to possible delays in deliveries (deliverables). The project is imperative on cooperation and requires department heads ...

Solution Summary

A review into project management initiatives for success by outlining possible risks. 1121 words with references.

See Also This Related BrainMass Solution

Project Management

Part # 4
(1) For your selected project, complete the following:
1. Develop the work breakdown structure for one aspect of the project.
2. Identify the resource requirements.
3. Select the rates associated with the resources.
4. Using analogous estimating, parametric modeling, or bottom-up estimating provide a cost estimate for the work identified

(2) Characterize the relationship between budgeting and risk analysis. Determine the different types of resources that require planning
Part #5
1. Per Deming, "Quality is everyone's responsibility," what is strategic quality management and how does it impact the project environment?

2. Define the six quality management concepts that support projects and explain their impact on project management.

3. Write a brief essay in which you describe the use of the following seven quality tools:
1. Flowcharts
2. Check sheets
3. Histograms
4. Cause-and-effect analysis
5. Pareto analysis
6. Scatter diagrams
7. Control charts

(4) 1. How should the cost of quality be factored in to the project budget process?
2. Describe impact of quality initiatives on the project schedule?
Part # 6
(1) Write a brief essay describing how checklists, flowcharts, and interviews are used to identify risks.

(2) 2. Define the inputs to risk identification. What tools and techniques will need to be implemented on the project to ensure that adequate input is received?
3. Identify the potential risks, which can affect your selected project. Will you use avoidance, transference, mitigation, or acceptance to deal with these?

(3) Prepare an outline for a risk management plan for your project.

(4) 1. What types of risk have the most potential impact on your organization?
2. Is risk management an accepted part of project management efforts in your organization? If it is not, what should you do to highlight its importance?

Part # 7
(1) 1. Describe how purchasing relates to the work breakdown structure (WBS).
2. Why should the project team consider market conditions?

(2) Develop a statement of work (SOW) for your project. Use sufficient detail to allow prospective sellers to determine if they can provide the item or service you require.

(3) Describe how make-or-buy analysis can be most effectively used?

(4) What legal issues need to be considered when releasing items for bid?

(5) Create a force field analysis for your project

(6) List the predictors for project success that apply to your environment.

View Full Posting Details