Homework: Project Progress
The PCNet Project (B) **Dynamically Managing Residual Risk**
This case was written by Christoph H. Loch, Professor of Technology and Operations Management at INSEAD. It is based on real events, but the names of all companies and participants have been disguised. Any similarity with existing companies is accidental. The case is intended to be used as a basis for class discussion rather than to illustrate the effective or ineffective handling of an administrative situation.
Note: The homeworks depend on one another. During the project life cycle, project risk reviews and reports are required, as previously identified in the risk management plan. Two months after the project started, the following events have taken place:
o The top two threats have occurred.
o The top opportunity has been realized.
o The project's risk budget is already exhausted.
o The risk management schedule has been shortened by two months.
Write a 4 to 6 page paper in which you:
• Analyze the impact of the events on the project.
• Determine if any mitigation activities are required and explain why.
• Determine if budget or schedule changes are necessary and explain why.
• Update the risk register and highlight the changes made. Provide the justification for the changes.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
o Assess the impact of events on the project's progress in order to determine an appropriate risk response plan.