Managing Risk – The Human Factor

Anonymous
timer Asked: Nov 30th, 2017
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Question description

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.

Tutor Answer

Chancellor Ivy
School: University of Maryland

Your assignment is complete, if you have any questions, shoot me a message and hang tight I'll assist you in a few minutes or asap. AM HERE FOR YOU 😊Have a great day ahead.

Running head: PROJECT RISK MANAGEMENT

Project Risk Management
Institutional Affiliation
Date

1

PROJECT RISK MANAGEMENT

2

Project risk management aims to reduce the likelihood of failure of the project. A risk is
defined as an uncertain condition or event that can have negative or positive impacts if it occurs.
Although all projects are intended to succeed and have positive outcomes, various risks may
arise, as a consequence of the project, or risks that may occur from project implementation. The
level of project risk management within an organization is a key factor determining the success
and performance of a project. Organizations, therefore, need to have an established risk
management team to manage the various risks and uncertainties that may occur throughout the
project life cycle. Many organizations have had their projects achieving different positive and
negative results, all of which have been attributed to project risk management. Project risk
management entails risk identification, the probability of occurrence, assessment on the possible
impacts of the risk, as well as identification of mitigation measures to reduce the likelihood of
occurrence and impacts of the risk (Cervone, 2006).This paper analyzes the risk management of
project Gigaton by Walmart Inc. as part of the organization’s sustainability, aimed at resolving
environmental and social issues in a manner that assists the society, while still strengthening
business activities in the process.
Walmart launched the project Gigaton, a sustainability platform which invites suppliers
to join Walmart in obligating to reduce the emission of greenhouse gas which results from the
suppliers’ operations and the entire supply chains. The project Gigaton entails issuing suppliers
with an emissions reduction toolkit with a target to slash one gigaton of emissions by the year
2030 (Galik, Murray & Parish, 2017). According to Walmart, achieving this target is equivalent
to getting rid of 211 million passenger vehicles from the American highways and roads in a
single year. This project can be a risky one for Walmart stores, given that it relies on other
companies on the supply chain, including manufacturers, distributors, and suppliers to function

PROJECT RISK MANAGEMENT

3

effectively. The success of Walmart i...

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