As a project manager, the risk assessment is one of the most important pieces of project documentation. In the risk assessment, you will also determine what risk approach to take. There are four alternatives to responding to risks in project management: Avoiding, Assuming, Reducing, Transferring.
Lessons learned meetings are vital to the project management closure process. This post will assist with understanding the goals, facilitation guidelines, and documentation ideas for lesson learned meetings.
What are the four alternatives a project organization can adopt in deciding how to address and respond to its risks? What are the implications of each approach? Supply observations from a past or present work situations that illustrate how particular types of risks were addressed.
- Describe the connection between Project Management and an organization's Strategic Plan. - Briefly describe the task decision making responsibilities under the three project management matrix structures. - In project management terms, what is meant by "managing the trade-offs?" - What is a Project Priority Matr
Explain the importance of incorporating a budget into a project schedule.
Why do you think risks are often overlooked by the project manager? Please give an example to support reasoning.
The project life cycle typically passes through four stages: definition, planning, execution, and delivery. Do situations exist in which projects may not pass through each of these typical stages? Provide examples to explain your answer.
Kozar International, Inc. begun marketing a new instant-developing film project. The estimates of R&D activity time (weeks) for Kozar's project are given in the table attached. The project has two paths: A-C-E-F and A-B-D-F. Assume the activity times are independent. a) The company wants to be 95% confident that it can deliver
While attending a project management seminar session on risk management, you overhead Frank say to Barry "I think that with proper planning it is possible to eliminate most/all risks from a project." Do you agree with Frank? Why or why not? Provide illustrative examples about risk control from a previous or present work environm
How does quality and the team process of "storming" work together? Provide examples from your personal experience with team dynamics to illustrate your response.
I am taking a business class to learn about project management. This exercise is our first project and I have never actually done them. I am to develop the project scope statement, project charter, work breakdown structure (WBS), and design the communication plan. I have read the information and trying to get started on actually
1. As a project manager, you are asked to facilitate a lessons learned session as part of the project termination process. How would you facilitate this session, and what are some guidelines you would use? How would you incorporate and document the information gleaned from this session into future project plans and tools? 2.
Project Libra: to Terminate or not to Terminate After reading the case study and visiting the Website reference below, help with the following questions. http://itweek.co.uk/News/11329438 to see the string of news stories related to Project Libra. 1. Identify some of the sources of the problems the project faces. 2. If
This excerpt discusses the four types of baselines that are essential to creating a good project schedule.
We have developed a complete WBS that we feel truly defines the scope of the project, and it is well organized. We have reviewed some available resources, including some outside sources; however we must first build a schedule baseline. How do you get started? What methods help in scheduling? Is there the same kind of team proces
This excerpt explains what factors might intervene between a project plan and its execution to disrupt the resources assigned to the project. It also explains what a project manager can do to prevent these things from happening.
Please provide general information about how to manage a project schedule from start to finish and develop a work breakdown structure in detail.
One of the risks you anticipated for the project was the late delivery of the prototype from the vendor. You adjusted your project schedule to minimize the impact of the risk, built in a penalty for late delivery, and created action plans in case the vendor delivered late. You also identified a risk with the vendor that they hav
Scenerio: Your team is working on the opportunity assessment when you are notified there will be room on the agenda of the senior executive monthly meeting for you to present your results. There is great excitement about this assessment, and the senior executives do not want to wait. As you did not anticipate getting in front
What are the variables that must be considered when developing a project schedule? Give a short explanation of how they impact the schedule development
I am looking for assistance in the analysis of the Jet Propulsion Laboratory case study. 1. Should Gentry Lee recommend launch or delay for the MBE mission? What are the most important factors to consider in this decision? 2. Identify the principal risk-management processes used in the MBE project. What role does each play
Based on the material covered in class and using the following information about the activities of a project, please identify: 1. the shortest amount of time in which the project schedule can be crashed without exceeding $7K and 2. the project critical path that resulted from crashing the project Please see attachment fo
Explain the possible benefits to using one of the simulation methods when assessing for possible project risks. Why is this method better for some projects than risk mapping, FMEA, the gut-feeling method, and the Delphi method?
What are the attributes necessary for a team to be effective when preparing to begin a project initiation? Are all equally important? Why, or why not?
Building Boeing 787 Dereamliner Sources of construction project risk: a. Timeline risk b. Costs risk c. Disruptions risk Need detail explanation for each timeline risk , cost risk and Disruptions risk separately in each paragraph. Please provide source.
Activity Immediate Predecessor (Time Weeks) A - 1 B A 4 C A 3 D B 2 E C ,D
The organisation has tasked to reduce the rate of a particular type of incident or particular type of high risk hazards which is commonly occurring. The task requires to address the following with respect to the particular incident in accordance with the organisational procedures. 1. Select an incident or particular type of h
Explain the process you would use to close a project.
See attachment for data: Lesson 3 A. Henry Morgan is interested in analyzing one particular job that his company has bid on. It is essentially an assembly job with some machine work as well. His foreman has told Mr. Morgan that the whole job can best be analyzed by breaking it down into a total of 11 activities, not cou
1.How should a project manager respond to a change request from a sponsor that is clearly beyond the scope of the project? Please explain 2. What can be done to ensure effective and successful project risk management? Please explain, provide examples
The recruitment of key personnel such as recruitment specialists, sales managers, and scientists is now well under control and almost complete. Your company needs 3 more scientists. An executive recruiter offers you the opportunity, within budget, to provide you with the means of acquiring these necessary personnel. The dilemma