Tuesday, 27 March 2018

PM0016 Project Risk Management


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PROGRAM
Masters of Business Administration - MBA
SEMESTER
IV
SUBJECT CODE & NAME
PM0016
Project Risk Management

Qus:1 What are Risk Processes & Risk Attitudes? Describe Risk Processes.
Risk Attitudes                                    5
Risk Processes                                   5
Answer:
Establish the context: This is the first process in the overall risk management exercise and often receives the least attention. It refers to all the activities required to understand the context and

Qus:2 What is Risk Categorization? Elaborate major four categories of risk.
Risk Categorization                          2
Four Major Risk Categories            8
Answer: A risk register, an outcome of the risk identification process, is a list of all the potential risks. It does not contain any qualitative or quantitative details of a risk, such as risk priority, severity, probability etc. A risk register acts as a primary input for the risk analysis process. However, a raw

Qus:3 Describe Sensitivity Analysis. List the goal of Sensitivity Analysis.
Sensitivity Analysis                           4
Goals of Sensitivity Analysis            6
Answer: In the quantitative analysis, a project manager should use different tools and models to study the factors

Qus:4 Define Scope Risk. Elaborate different types of scope risk.
Scope Risk                                         4
Types of Scope Risk                          6
Answer: To understand the meaning of a scope risk, you should clearly understand the meaning of the scope. Scope refers to the work that needs to be completed for delivering a product, service or result with specified features and functions. In short, scope is the work that needs to be

Qus:5 Define Resource Risk. Discuss three categories of resources risks.
Resource Risk                                   4
Categories of Resources Risk          6
Answer: A resource risk is a risk that occurs when the resources required by a project are not available on time or in the right quantity. The term ‘resources’ in this case includes human resources, money and outsourcing (procurement). An equipment or a tool is another important resource;


Qus:6 What is Risk Mitigation? Elaborate Mitigation Strategies for Scope Risk, Scheduled Risk & Resources Risks.
Risk Mitigation                                                         4
Mitigation Strategies for Scope Risk                      2
Mitigation Strategies for Scheduled Risk               2
Mitigation Strategies for Resources Risk               2
Answer: To mitigate means to make something less severe, serious or painful. Risk mitigation aims at exactly the same goal, which is reducing the risk impact by taking steps before a risk

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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