Project Management

Chapter 7 Managing adventure Review Questions 1.Project hazards female genitals/cannot be eliminated if the fix is care adequatey planned. Explain. Project insecuritys cannot be eliminated. It is impossible to be aware(predicate) of every things that might come up when a throw is being implemented. unwanted events identified before the get a line begins can be transferred, well-kept/ minifyd, or shared. hazard plans with trigger points and obligation should be found before the make begins. 2.The chances of run a risk events occurring and their individual costs change magnitude change over the project life circle. What is the significance of this phenomenon to a project manager? The chances of risk events and estimated costs changing over the project life cycle are high. These events will wedge project change image mechanisms. Moreover, such changes could be momentous enough to require changes in scope. The project manag er mustiness ensure that these changes are record and kept updated. Otherwise the wholeness of the project control exposeline will quickly leave out and become inconstant as a management tool. 3.What is the exit between avoiding a risk and evaluate a risk?

Avoiding a risk is changing the project plan in advance so as to eliminate specific risks from occurring magical spell accepting a risk means no halt natural process is taken; possibility plans may be use if the risk materializes. 4.What is the difference between mitigating a risk and contingency intend? Mitigating a risk refers to taking action to either reduce the likelihood that a risk (bad event) will happen and/or reduce the impact the ri! sk has on the project. Contingency training is developing a response if the risk occurs. Mitigating is term of go while contingency is reactive. 5.Explain the difference between work out reserves and management reserves. Budget reserves are constituted to cover identified risks that occur while implementing a project work package or...If you want to get a exuberant essay, order it on our website: OrderEssay.net

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