Week 10 Assignment 5: Managing Risk – The Human Factor

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Business Finance

Description

Assignment 5: Managing Risk – The Human Factor

Due Week 10 and worth 200 points

Evaluate the project you identified in Week 10, Discussion 1, in more detail by completing the tasks listed below. Note that you will need to conduct further research on the project using the Internet as a resource in order to address all aspects of this assignment.

Write a six to eight (6-8) page paper in which you:

  1. Evaluate the project scope.
  2. Determine the two (2) major risks associated with the project. Explain each of the identified risks.
  3. Examine the levels of uncertainty and complexity for the project.
  4. Analyze the type of project learning that is addressed. Justify your response.
  5. Examine the organizational mind-set and explain its impact on the project.
  6. Propose changes you would recommend to the infrastructure for lessons learned.
  7. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic 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:

  • Analyze the project risk identification and assessment processes.
  • Examine the various types of project risks.
  • Analyze the process for diagnosing uncertainty and complexity in projects.
  • Evaluate the types of learning in projects.
  • Evaluate the organizational infrastructure for managing high-uncertainty 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: Management risk – human factor

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Management Risk – Human factor
Institution Affiliation
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Running Head: Management risk – human factor

Evaluation of the project scope:
Project scope is defined as a part of project planning that involves documenting and determining
lists of specified project deliverables, goals, features, tasks, functions, ultimate cost and
deadlines. In other words, project scope is what should be achieved in order to deliver the project
set goals. It is considerably important to pin down the project scope earlier in the project life
cycle since it can have far-reaching impacts on the cost and schedule of the overall project
(Duncan, 2016).
Here below are the key processes that should be followed in a project scope.
Project requirements – before you can determine the project’s scope it is necessarily important to
understand what the project requirements. For instance, you need to consider the features and
functions requisites for a website, software or application being develop. In this case, you need to
consider what should be built into the website design (Duncan, 2016).
Process requirements – these are the criteria that describe how individuals interact with the
products (offering in the organization) and how the products interact with other processes in the
business organization. Process requirements involve describing how information is transmitted
and flow of te business transactions in the organization (Duncan, 2016).
Involvement of the stakeholders – for a project to be delivered successfully, it is important to
involve correct stakeholders. This helps to avoid confusion in your project.
Change management – in order to avoid changes and disagreements to the project scope by the
involved stakeholders, both the agency side and client-side, it is important to enhance that there
is a strong change management in place. It should be noted that effective project scope needs

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Running Head: Management risk – human factor

effective communication in order to ensure that the project requirements are...


Anonymous
I was struggling with this subject, and this helped me a ton!

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