Homework: Project Risk
Overview
I) Over the past few decades, one of the most common types of projects within a business is the development of a new piece of software to facilitate a certain facet of business operations. The homework will entail a project concerned with the creation of a new version of business expense software for the entry of, tracking of, payment of business expenses accrued by organizational members during normal business operations as other related issues such as reimbursing employees for expenses they personally paid for during their business related travel.,
Task
Your first task is to create a risk matrix in EXCEL. Identify the risks to be addressed with a rational as to why you have chosen these risks from the matrix. Explain which of the four remediation methodologies you will use for each risk and why.
II)
i. Define Quality?
ii. What does Total Quality Management emphasize?
iii. State the Deming philosophy.
iv. What are the major steps for an organization to follow in implementing TQM?
Textbook: Managing Project Risks by Peter J. Edwards, Paulo Vaz Serra, Michael Edwards; 464 Pages. ISBN: 978-1-119-48975-7. Publisher: Wiley-Blackwell.
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.