Assignment: Project Procurement, Risk And Constraints
Prepare an explanation to the following questions using at least 300 words in your post. Review the responses of one other classmate and offer your thoughts and opinions on their post. Your response should be substantive and should not be similar to any other post offered.
Continuing as the newly assigned project manager to a major IT upgrade project in your global company, what would happen if risks were not fully understood before beginning to perform your Qualitative Risk Analysis? Have you ever experienced this actually occurring? if so, explain?
Your project sponsor recommends that you not bother with determining the probability and impact for the risks you have identified. What do you say to convince the sponsor this is an important step and worth the effort to perform?
What is probability and impact and why is it important and necessary to assess them for each project risk?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.