Background: As stated in this chapter, a project manager’s objective is not to remove all risk…

Background: As stated in this chapter, a project manager’s objective is not to remove all risk from a project—that simply can’t be done—but to identify and manage risks to the benefit of the project. The leadership team at R & S Amusements Services has just spent several hours going through the process of identifying project risks, assessing their probability and impact, and preparing the resulting risk management plan—a plan that will hopefully help ensure the success of the project.

Current Situation 1: Jeff Dunbar and Kevin Pullen of PPMS were sitting in Jeff’s office, reviewing the risk management plan they just completed with the help of Reid Lewis, Diana Brooks, Elaine Henry, Heidi Cosgray, and Mark Lewis of R & S Amusements Services. Both Jeff and Kevin were wondering if the team had performed an adequate job of not only identifying all the possible risks concerning the project but also correctly assigning the probability of occurrence

Discussion: Review the minicases at the end of Chapters 2, 3, 4, and 7. What additional risks, if any, should be identified concerning the working relationship with Mark Lewis, the hiring of A.J., the problems with Heidi Cosgray and service management, and the current business problems with R & S Amusements Services? If there are additional risks, what is your estimate of the probability of their occurrence? What is your estimate of the impact to the project?

Current Situation 2: Diana Brooks and Mark Lewis of R & S Amusements Services were discussing with Reid Lewis of R & S and Jeff Dunbar and Kevin Pullen from PPMS the identified risk “Unavailable subject matter experts—the staff at R & S Amusements Services (R & S) will not be dedicated to this project alone; they will still have to perform their regular duties.” Diana had been assigned the task of assigning the probability of occurrence of the risk and assigned it a .9 probability. Mark had disagreed with that assessment, saying that it was way out of line and should be no higher than .3. Mark told those present that keeping the probability at .9 was a mistake and doing so would create a flawed risk management plan.

Discussion: How would you explain to Mark that the plan is not flawed? How would you resolve the disagreement between Mark and Diana? What technique(s) would you use to determine the proper probability of this risk and any other risk on the project?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!