Instructions: Each question has to be; coherent and cohesive, a minimum of 200 words and you have to cite one sources. Make sure you number each answer that goes with the question. This is a Project Risk Management Course
Chapter 10
1. List the elements in the process of selecting and developing effective risk treatments.
2. Describe the broad categories of actions that may be useful in treating risks.
3. Identify five possible strategies that could affect the likelihood and five that could affect the consequences of a risk.
4. Compare and contrast risk-sharing and risk-retention strategies. Why would an organization retain risks?
Chapter 13
5. Describe how risks with positive consequences, or positive deviations from what is planned, can be identified and exploited in just the same way as risks with negative consequences.
6. What makes the identification of risks with positive consequences a challenge in a structured brainstorming workshop? What can be done to improve the outcomes?
7. What are the advantages and disadvantages of using ‘mirror-image scales' in capturing potential outcomes with negative consequences and those with positive consequences?
8. Rather than leave it to chance, how could a manager exploit residual opportunities?
Chapter 4
9. List the broad objectives of managing risk in projects.
10. Describe the seven risk management process steps and the management questions that go along with them.
11. List the steps in the risk analysis and evaluation process.
12. Describe the stakeholder involvement in the risk management process.
13. What is the importance of communication within the project management team
14. What is the purpose of risk treatment within project management planning?
15. Define and give examples of project risk.