Defining Risk in the Project Environment
DETAILS: This assignment is focused on defining risk in the project environment and exploring various risk management topics. You will need to use the readings/videos, learning modules, and additional research as sources of information. You will respond to the groups of questions below
REQUIRED ACTIONS: For this assignment, you can respond either by addressing the individual questions or in a more holistic way. However, you must address all of the topics and questions posed in your response regardless of format.- 500-700 words. When citing resources, don’t forget to use in-text citations and a reference citation at the end using proper APA style. Please consult Purdue’s Online Writing Lab (OWL) website or your APA guide to assist you. See: OWL APA Style Guide for assistance.
QUESTIONS TO RESPOND TO FOR YOUR POST: Remember that when you use any reference as a source for your posts, you must use the APA in-text citation format to credit the author and a reference citation at the end. Brevity is key for this assignment. For this topic, research and cite at least one reference other than required and optional viewings/readings and your texts. You must use both in-text and reference citations to receive points for this assignment.
1. DEFINING RISK: a. Discuss the difference in ‘risks’, ‘issues’ (a.k.a. problems), and ‘constraints’ and give at least one example of each. b. What does the level of “uncertainty” have to do with risk? If a risk no longer has a level of uncertainly, is it still a risk – why or why not? c. Although risk can both negative and positive consequences, why do you think many project teams tend to focus on negative risks? d. What does “risk adverse” and “risk tolerant” mean? How would you characterize your current employer? How about you?
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