Get fully solved assignment, plz drop a mail with your sub code
computeroperator4@gmail.com
Charges rs
125/subject and rs 700/semester only.
our website is www.smuassignment.in
if urgent then call us
on 08791490301, 08273413412
MASTER
OF BUSINESS ADMINISTRATION (MBA) - PROJECT MANAGEMENT
SEMESTER
4
PM 0016 –PROJECT RISK MANAGEMENT
Q1. Define Risk Management. Explain
the seven step process in risk management planning.
[Definition of Risk Management, Explanation of the seven step process
risk management planning]
Answer.
Risk Management
Risk management process helps you
to access all possible risks that project faces, prioritise the risks according
to their impact on the project and plan in order to take necessary action to
reduce the risk impact or any possibility of its occurrence. Project risk
management can be considered as the strategic tool used by many organisations
to deal with risks in order to achieve project objectives. The main aim of risk
management is to reduce the possibility of failure or
Q2. The risk mitigation methodology
describes the approach to control implementation. Explain the steps of the
methodology.
[Explain the steps of risk
mitigation methodology, Conclusion]
Answer.
Steps of risk mitigation methodology
Risk mitigation includes
prioritising, evaluating, and implementing the appropriate risk-reducing
controls recommended from the risk assessment process.
The following risk mitigation
methodology describes the approach to control implementation:
Q3. Write short notes on:
·
Keane’s Risk Process
·
Monte Carlo Simulation
·
Categories of project risk
·
Importance of a risk register
[Keane’s Risk Process Monte Carlo
Simulation Categories of project risk Importance of a risk register]
Answer.
Keane’s Risk Process
Keane Inc. a leading information
technology firm connects and integrates risk with cost and schedule estimation.
Keene's success has depended upon the ability to deliver high-quality products
within estimated time and budget constraints. This is a popular example to
analyse a strong risk management culture in Keane Company. This company
Q4. What is a fishbone diagram?
Explain the various tasks involved in constructing a Fishbone diagram.
[Definition of fishbone diagram, Why is it used, Describe the tasks involved in
constructing a Fishbone diagram]
Answer.
Fishbone diagram
The Fishbone diagram is also
known as the cause and effect diagram or the root cause analysis or the
Ishikawa2 diagram. It is called the Fishbone diagram because the diagram
resembles that of a fishbone. In simple terms, Fishbone is brainstorming in a
structured format. The Fishbone diagram helps us to arrive at the root cause of
a problem through
Q5. Benchmarking is considered as a component
of Total Quality Management (TQM). Write a note on benchmarking.
[Explain benchmarking (definition,
what will happen if there is incorrect benchmarking), List any four Advantages of
benchmarking, List any our
limitations of benchmarking]
Answer.
Benchmarking
Benchmark is usually referred to
as measuring or estimating quality. Benchmarking is a process of improving
performance by identifying, adapting and measuring prominent practices and
processes from any organisation. In order to have smooth ongoing project, it is
necessary to identify the costs,
Q6. What are the tips to remove the
top three project estimating risks? Explain
[Listing of the tips, explanation of the tips]
Answer.
Tips to remove the top three project estimating risks
Given below are some tips to
remove the top three project estimating mistakes:
Confirm all assumptions (Trust No
One)
Client confusion often lands the
project managers in a messy situation. Never accept a client or other project
manager's verbal confirmation as final. It is very much possible that clients
sometimes are not clear about what they say. For
Get fully solved assignment, plz drop a mail with your sub code
computeroperator4@gmail.com
Charges rs
125/subject and rs 700/semester only.
our website is www.smuassignment.in
if urgent then call us
on 08791490301, 08273413412
No comments:
Post a Comment