Assignment:
Organizational Culture and Policies
For this discussion, apply appropriate ethical constructs and frameworks to the risk management methodologies that are standard practices in your organization. Keep in mind global perspectives and multi-cultural viewpoints that could impact risk management methodologies. With these concepts in mind, discuss the following:
• What enterprise environmental factors, external and internal (for example, organizational culture in multinational corporations), should be considered in managing project risk?
• What organizational process assets for managing project risks (standards, policies, procedures, or other assets) exist or should exist within organizations?
Readings
Use the Capella University Library to complete the following:
• In Ward, S., & Chapman, C. (2011). How to manage project opportunity and risk: Why uncertainty management can be a much better approach than risk management (3rd ed.). John Wiley & Sons:
o Read Chapter, "Key Motives for Uncertainty Management," pages 73-100.
o Read Chapter, "An Overview of Generic Process Frameworks," pages 101-129.
Read Liu, J., Meng, F., & Fellows, R. (2015). An exploratory study of understanding project risk management from the perspective of national culture. International Journal of Project Management, 33(3), 564-575.
Readings
Use the Capella University Library to complete the following:
• Cooke-Davies, T., Crawford, L., Patton, J. R., Stevens, C., & Williams, T. M. (2011). Aspects of complexity: Managing projects in a complex world. Newtown Square, PA: Project Management Institute.
o Chapter, "Strategic Management: Developing Policies and Strategies," pages 41-56.
o Chapter, "The Impact of Complexity on Project Cost and Schedule Estimates," pages 73-86.
Cooke-Davies, T. J., Crawford, L. H., &Lechler, T. G. (2009). Project management systems: Moving project management from an operational to a strategic discipline. Project Management Journal, 40(1), 110-123.
Pressly, T. R. (2012). Linking strategic and project concepts to enhance management advisory services. The CPA Journal, 82(7), 62-67.
Explore the scholarly literature for studies on best practices in executing or monitoring and controlling projects.
Optional Readings
• Smith, C., &Knutsford, M. (2010). The craft of project shaping. International Journal of Managing Projects in Business, 3(1), 46-60.
o This article may be available in the Capella library.
Explore Institutes and Research Centers [PDF] on Complexity Science.