Purchase Solution

Project Risk Management

Not what you're looking for?

Ask Custom Question

Please see the attached file.

PROBLEM:

In the Marketing Department at LRH Financial, project managers do not have operational responsibilities. They manage multiple projects and leverage people from various teams within the marketing department. Because you will be leveraging individuals on a part-time basis from several teams, your stakeholders will include the line managers of each team. Thus, it is critical that each line manager understand your approach to the project, including your approach to risk management.

Paul, a new line manager, was just hired for the graphics team. You had a meeting with all of the stakeholders last week to begin discussion of the project approach and to identify potential project risks. During that meeting, it became very clear to you that Paul does not understand the value of risk management; he was very non-committal when you talked with him about the preparation work you need for him to do for this week's detailed project risk discussion.

Use the information from the scenario to prepare a persuasive presentation for your discussion with Paul. The presentation should be 15 minutes long (3-5 slides) and address the following items:

project overview and why risk assessment for this project is important (address risk management and its misconceptions)
needs and benefits of risk management for the project
rationale for completing risk management activities for this project
basic risk management activities and risk management process for this project
impact that risk management activities will have on your project management activities
Paul's role in risk management

Attachments
Purchase this Solution
Solution Summary

This response addresses the queries posed in 6 Slides, and APA References.

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
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.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

View More Free Quizzes
Related BrainMass Solutions

  • Riordan Manufacturing Employee Morale Project: Risk Management

    350877 Riordan Manufacturing Employee Morale Project: Risk Management Using the Riordan Manufacturing Employee Morale Project Project Risk Management Plan 1) Outline a risk management plan. 2) Include a synopsis determining measures

  • Risk Management as Part of the Project Management Process

    What does project risk management mean in the context of project management?

  • Project Risk Management in Project Planning

    What does project risk management mean in the context of project management? Describe project risk management as a component of the project management process.

  • Risk Management

    * Team activities The project risk management team is responsible for developing and implementing the risk management plan, monitoring the progress of the project and implement timely action during occurrence of risks during the project.

  • Tools for project risk management

    553968 Tools for project risk management How can Microsoft Project, Open Workbench and/or Excel be used in project risk management? (Provide references to the work and add a personal conclusion, length minimum 500 words.

  • American Bank of Indiana Project Management Plan

    The change in the priority of the management can also cause for the risk in the project. The response of the management for this risk is to apply the documentation technique and reassigning of the specialist from the project to mitigate it.

  • The Six Major Processes Involved in Risk Management

    An example of effective risk management planning, would be a project manager analyzing the project management situation, the overall mission of a given project, how the project will be executed, the supporting elements of the project, and the coordination

  • meaningfully manage risks in project management

    It is certainly possible to meaningfully manage risks in project management upto a very high degree by engaging in proactive risk management planning for the project.

  • Strategic Risk Management in the Oresund Bridge case

    Same is the case with Oresund Bridge Project that adopted strategic risk management from beginning and due to this approach of their, project achieved huge success (Part 6: Risk Management Plan Outline, n.d.).

View More Related Solutions