Managing project risk and opportunities | managing project risk

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This assignment has 3 parts:

Controlling risks, also referred to as “Risk Treatment”, will assist you in determining WHAT should be done in response to the risks that have been identified, in order to improve project outcomes. Fundamentally, the concept of controlling risks emphasizes the fact that, unless action is taken, the risk identification and assessment process has been wasted. Risk treatment converts the earlier analysis into substantive actions to reduce the levels of those risks with negative consequences and exploit the risks with positive consequences.

Applying your understanding of the concept of Controlling Risks, please share at least two risks that you have identified in completion of a job tasks or project (in a past or present role) and the specific actions you have taken to improve outcomes.

In your response, consider the following:

  1. What was the objective of your Control (Treatment) Plan?
    1. To impact the likelihood that the risks would occur?
    2. To impact the consequence that the risks would have on your project?
  2. Was your Control (Treatment) Plan effective? Why or Why not?
  3. What would you do differently next time you have to develop and implement a new control plan? Please Explain.

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Discussion Board Reminders: 

  • Must have 3 posts:  A main post and two replies to peers.
    • First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.
    • Second and third post: Must be posted on a different day from the first post.
  • Connect to content: At least 1 post must refer to course learning materials. See the Academic Resource on Discussion Boardsfor help with connecting to the content.
  • Engaging in class discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards

Assignment CriteriaProficient DescriptorPoints

Quality of  Main Post

16 Points 
Total

Student’s main post meets or exceeds the following requirements:

  • Responds completelyto all of parts of discussion question (4 points)
  • Communicates content information accurately and/or logically (4 points)
  • Delivers a thoughtfulresponse demonstrating insights and reflections (4 points)
  • Connects to both key content conceptsand personal experiences (4 points)

/16 pts.

Response to Peers

16 Points
Total

Responds to a minimum of  2 peers (8 points per response)

  • Substantive response (4 points)
  • Furthers the conversation with peers. Examples could include  (4 points):
    • Provides additional resources
    • Connects to key concepts
    • Shares personal or professional experiences
    • Contributes new information or perspective
    • Presents a competing viewpoint

/16 pts.

Support from Learning Resources

4 Points
Total

At least one post refers tocourse learning resources./4 pts.

Professional Writing

4 points

Response is well-organized, clear, and free of grammatical and mechanical errors.

Posts demonstrate courtesy and respect for others.
/4 pts.Total40 points possible/40 pts.