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Project Management

Risk Approaches: How to Respond to Risks

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.

Project Management - Lessons Learned Sessions

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.

Responding to Risk - Four Alternatives

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.

Project Management and Responsibilities

- 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

Risks and Project Management

Why do you think risks are often overlooked by the project manager? Please give an example to support reasoning.

Project Life Cycle

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.

Estimating Project Completion Time

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

Risk Control in Work Environment

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

Project scope statement

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

Project Planning and Management

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 Problems and Termination

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

Changes In Project Plan

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

Opportunity assessment on a tight deadline

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

Project Schedule Variables

What are the variables that must be considered when developing a project schedule? Give a short explanation of how they impact the schedule development

Jet propulsion laboratory for the MBE mission

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

Project Schedule and Critical Path

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

Simulation Methods: Project Risks

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?

Project Team Attributes

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?

High Risk Hazards

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

Operations Management Case Studies

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

Successful Project Risk Management: Sponsor Change Request

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

Contemporary Issues in Project Management

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