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Positive and Negative Risks Associated with Business Projects

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Previously in the course, you were asked to think of a project you have been involved with at your place of employment. Think of that same project, imagine that you have been appointed the project manager, and complete the following:

Identify some of the positive and negative risks associated with this project, and then rank these risks based on their level of priorities.

Discuss how each of these risks can affect the project team.

Using the key processes of project risk management, propose risk-response plans to the identified risks, and identify how each team member can play a role in these plans.

Your assignment should consist of no less than three pages. Refer to the risk process examples in the Handbook of project-based management: Leading Strategic change in organizations textbook, Chapter 14. Remember to document your sources using APA format. Use the documentation to help bring even greater credibility to your ideas, thoughts, and process.

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Solution Summary

The positive and negative risks associated with business projects are determined.

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http://business.simplicable.com/business/new/9-examples-of-positive-risk

http://www.computerweekly.com/feature/Computer-security-for-small-businesses-Essential-Guide

http://www.brighthubpm.com/risk-management/48016-responding-to-negative-risks-in-risk-management-strategies/

Identify some of the positive and negative risks associated business projects, and then rank these risks based on their level of priorities.

The positive risks associated with the project were that the company had the ability to potentially gain new customers from across the globe who would provide more financial capital for our business and allow the company the ability to grow exponentially, but the income that could potentially be generated from these future sales could place the company in a higher tax bracket, which would lead to less income because of higher taxes. When specifically speaking of the project, monetary funds were appropriated toward the projects' budget, but if the project is under budget, it would result in the project manager, which was me, being unable ...

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  • MS, Prairie View A&M University
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