Interpret phases involved in project risk management cycle


Question 1: "Health committee members say staff shortages, delay in repair project impacting Durban hospitals". In an event whereby the project runs low on resources or is delayed, the project manager needs to assess the situation prudently and make effective decisions accordingly to keep your project goals on track. This can be observed on many levels, state and interpret each level.

Question 2: Suggest at least TWO approaches of a project plan that shows how the money allocated for the project is going to be spent.

Question 3: "In addition, the committee was informed that a R45 million project by the Public Works Department to repair a leaking roof at RK Khan Hospital had not taken place, leading to the transfer of some patients to Clairwood Hospital, which was also battling to cope with the load". Uncertain events (positive & negative) pertaining to cost are common in every typology of a project. Use risk management theory as a theoretical lens and interpret the phases involved in project risk management cycle

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Project Management: Interpret phases involved in project risk management cycle
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