Prioritizing risks in IT project
Not what you're looking for?
Lets say that you are still the project manager for the computer upgrades. Briefly describe the four 4 risks you identified in posting # 584934 Using the risk assessment techniques, describe your assessment decisions. Please include the following elements:
- Describe the risk assessment techniques you used to rank your 4 risks.
- Rank each specific risk, describing why #1 was your critical, #2 your high, #3 your medium, and #4 your low.
- Did you have several highs but no lows? Explain.
- Out of your risks, which ones were qualitative risks opposed to quantitative risks?
- Could a risk be both? Explain.
- Could you use the expected monetary value (EMV) or Pareto Analysis? Explain.
Purchase this Solution
Solution Summary
Prioritization of 4 risks from assignment is examined. The several highs and no lows are given.
Solution Preview
The four risks:
Costs are higher than expected, which can be because there was not enough knowledge about the project or implementation, migration, or compatibility problems became and issue.
Migration is poor from old system to new system, even with proper implementation plans.
Compatibility with legacy and other programs is not good, both internally and externally.
Implementation plans did not include enough controls and milestones to make it easy to track and identify issues when they arise.
To identify these, I would first look at the scope of the ...
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Basics of corporate finance
These questions will test you on your knowledge of finance.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.