At Least 400 words-all new content- at least 2-references
Risks can occur as a result of both known risks,such as for newer tasks there may be a learning curve that causes delays in the delivery of a task, and unknown risks, such as events like an earthquake or tsunami. Also, some suggest that they take calculated risks, where careful consideration is taken before taking on a challenge. Risk management, in essence, is doing the same thing in a more formalized process. The discussion assignment for this week will be an evaluation of how risk management can be a contributor versus an inhibitor to a project.
The following Discussion Board task will assist you in evaluating various types of risk. Research at least 2 sources (which may include your textbook) to support your response.
- Describe a project that you were involved with, or are familiar with, and the types of risks (at least 5) that occurred.
- How were these risks handled or mitigated?
- When the risk occurred, what impact did it have on the overall project, such as from a cost and schedule-deadline perspective?
- If a risk management process was not in place, explain why it may have helped. If a process was in place, did it help, and why?
Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, and format your submission in APA format.
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