project managment week 8 and 9 discussion and responses

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ao83

Business Finance

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Answer the following questions/activity and make sure you follow all the instructions! Each question need to be answered with 300 words minimum and each response to other persons discussion post with 100 words each. The response to other students need to be written directly at them not in 3rd person and should include why or why you do not agree and what your thoughts about their discussion posts are, they also examples on how the initial discussion post should be done!!!

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Answer the following questions/activity and make sure you follow all the instructions! Each question need to be answered with 300 words minimum and each response to other persons discussion post with 100 words each. The response to other students need to be written directly at them not in 3rd person and should include why or why you do not agree and what your thoughts about their discussion posts are, they also examples on how the initial discussion post should be done!!! Week 8 Initial question answer with 300 words min. The PMBOK Guide (2013) defines Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. What actions should you as a project manager take to control costs? Reference: Project Management Institute, (2013). A guide to the project management body of knowledge: (PMBOK® Guide) (5th ed.). Newtown Square, PA: Project Management Institute. https://youtu.be/oXhgwn-girI Other students discussions that need responses, 100 words each and I will upload those as soon as I have the initial post and then extend time by 1 day Student #1 Student #2 Week 9 Initial question answer with 300 words min. Risks are a part of any project. Learning to manage them is a key part of being a project manager. The first step is to identify risks, then classify risks. Not all risks are negative. Negative and positive risks will need to be dealt with differently. Once risks are classified, a strategy can be chosen to deal with risks appropriately. For negative risks, you could accept the risk, transfer the risk, reduce the risk, or eliminate the risk. For positive risks, you could enhance the risk, exploit the risk, share the risk, or accept the risk. This will become part of your Risk Management Plan on a project. For this week, come up with an example of a risk for each of the risk categories listed above that would be appropriate for the strategy and why you selected it https://youtu.be/732rmkuFC7o https://youtu.be/qCFa0gqdBJw https://youtu.be/D3S6kpBlDbk Other students discussions that need responses, 100 words each and I will upload those as soon as I have the initial post and then extend time by 1 day Student #1 Student #2 Week 9 Initial question answer with 300 words min. Other students discussions that need responses ( also example on how above question should be answered) Student #1
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Running Head: DISCUSSIONS

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Discussions
Name
Institutional Affiliation
Date

DISCUSSION

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Week 8
Project budget overruns can present a lot of challenges which will determine the success
of the project. Few projects or institutions have unlimited budgets and, hence, the importance of
maintaining project costs to ensure that they do not affect the project outcomes negatively. As a
project manager, there are several methods that can be used to maintain project costs and avoid
project failure due to budget overruns. One of the methods is extensive research prior to the start
of the project to get a correct estimate of the budget. Project managers should be able to make
good estimates as well as identify any risks that may affect the project costs.
In addition, a project manager should monitor and manage the bu...


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

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