Due Week 4 and worth 125 points, Assignment 2: Escend Technologies, business and finance homework help

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Business Finance

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Description

Assignment 2: Escend Technologies

Due Week 4 and worth 125 points

Review your readings and discussions on the company Escend Technologies described in Chapter 5. These resources will help you complete this assignment.

Write a three to four (3-4) page paper in which you:

  1. Examine the risks and explain how they were managed.
  2. Compare the double-loop learning with that of Escend Technologies, using the project from Week 1, Discussion 1.
  3. Recommend and discuss at least three (3) lessons learned for a project manager to know for future projects.
  4. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Evaluate the types of learning in projects.
  • Use technology and information resources to research issues in managing project risk.
  • Write clearly and concisely about managing project risk using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using this rubric.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: ESCEND TECHNOLOGIES

1

Escend Technologies
Institution Affiliation
Date

ESCEND TECHNOLOGIES

2
Introduction

Escend Technologies is similar to any other company as the manner in which it was
founded is similar to other start-up ventures that were founded. Like any other company, Escend
Technologies has had to adjust some of its business models so that it could be successful.
Unforeseeable and unexpected issues have influenced the processes of the company since the
traditional risk management methods that it used were not helpful (Kerzner, 2013). Although the
company faced several challenges, the management was able to adopt strategies that helped in
solving them.
The Risks That Faced Escend Technologies
Escend Technologies was faced with several risks that threatened to cripple its business
operations. The company faced the generic risks. These are risks that tend to occur in any
company, especially technological ones.

The company faced risks such as losing crucial

employees, the changing of needs, and also the failure of the business. The other risks that the
technology company faced is the pressure of reducing the expenses incurred during their
operations since they were affecting their financial performance (De Meyer, Loch, & Pich,
2002). An additional risk that the technology company faced was a decline of market demand for
their products. This mostly occurs when the customers do not prefer...


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