Explain the process of risk avoidance in project management


Assignment: Leadership & Management- Marketing and Communication- Knowledge Questionnaire

1) List 5 project management tools and explain their use in project management. (50-100 words)

2) Select 3 types of documents and other sources of information that are commonly used when defining the parameters of a project and describe them.

3) Explain the importance of planning for risks in a project and list 3 processes that can be used to identify the risks as part of a risk assessment process for a project. (50-100 words)

4) Explain the importance of a risk management plan in identifying and managing risks for a project. (50-100 words)

5) Explain the process of risk avoidance in project management. (50-100 words)

6) Explain the use of risk mitigation strategies in project management. (50-100 words)

7) Explain the concept of risk acceptance in project management. (50-100 words)

8) Explain how each of the following processes and procedures are important to guide effective and efficient project management.

Procedures and Processes

Quality assurance

For example: what are the processes to ensure that the project quality requirements are met?

Human Resources

For example: how is the project team selected and managed?

Budget and finances

For example: who signs off on the budget? How are financial records kept? Who approves variations in budget?

Recordkeeping

For example: how are documents version controlled? Where are they stored? For how long they are kept?

Reporting

For example: what are the reporting procedures for the project?

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 includes 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.

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Project Management: Explain the process of risk avoidance in project management
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