Information Technology Project Management
9th Edition
ISBN: 9781337101356
Author: Kathy Schwalbe
Publisher: Cengage Learning
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Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. Use a scale of 1 to 10 in assigning the values, with 1 representing the lowest values. For a simple risk factor calculation, multiply the probability score and the impact score. Add a column called Risk Score to your risk register to the right of the impact column. Enter the new data in the risk register. Write your rationale for how you determined the scores for one of the negative risks and one of the positive risks.
What is the appropriate response to a risk that is coded yellow?
Do nothing so as to not exacerbate the risk.
Accept the fact the risk may occur.
Take action to prevent the risk from impeding the project.
Monitor closely to reevaluate the probability of occurrence.
The output of Risk decomposition is:
Select one:
a. Risk description
b. Root cause analysis
c. Dependibility requirements
d. Risk assessment
Chapter 11 Solutions
Information Technology Project Management
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- The output of Risk reduction is: Select one: a. Risk description b. Dependibility requirements c. Root cause analysis d. Risk assessmentarrow_forwardShort Answer Question 5: Risk and Risk management, answer all the following questions: a. Risk management is important for a project? Justify its importance. b. List and explain any three activities involved in risk management.arrow_forwardExplain the importance of aligning a risk mitigation plan's scope with the original risk assessment. Discuss the consequences of scope creep and how to effectively manage project boundaries to prevent cost escalation. Provide examples of situations where maintaining scope requires saying "no" to additional countermeasures or functionalities that fall outside the defined boundaries of the mitigation plan.arrow_forward
- At least two examples/scenarios are required to back up your response and highlight the most important SDLC stage.arrow_forwardThe output of Risk analysis is: Select one: a. Risk assessment b. Dependibility requirements c. Root cause analysis d. Risk descriptionarrow_forwardWe are a team that want to develop an application for a customer the project is application for delivering food Answer the following questions: 1-Create the Team charter. 2-Create the risk register including following elements: rank, risk, description, category, root cause, triggers, potential responses, probability, impact, status. (Specify 5 risks minimum). (2 Marks) 3-Sample weekly progress report. 4-Write the Lessons-learned reportarrow_forward
- The purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. You are a newly appointed Risk Management Manager. Your first task is to explain to your team members the definition of Risk Management and then list the steps for risk assessment activities with the aid of flow chart.arrow_forward1. is an uncertainty that can have a negative or positive effect on meeting project objectives. а. Risk utility b. Risk tolerance C. Risk management d. Risk 2. A person who is risk- payoff is at stake and is willing to pay a penalty to take risks. receives greater satisfaction when more а. averse b. seeking c. neutral d. aware 3. Which risk management process involves prioritizing risks based on their probability and impact of occurrence? a. planning risk management b. identifying risks c. performing qualitative risk analysis d. performing quantitative risk analysisarrow_forwardYou need to enter the risk factors into the risk register for obtaining an external consultant.Using the GCCG Risk Event Impact Scale and the Probability Rating tables, use your judgement to assign a risk probability rating for each task.arrow_forward
- Determine the most critical step of the SDLC and support your response with at least two examples/scenarios.arrow_forwardThe examination of alternatives is one of the major tasks of a proposal team, especially for tender proposals. However, in many cases, important alternatives are omitted or neglected by the proposal team. 1. List real cases and common situations where negligence in defining and examining important alternatives can be expected. 2. In what situations are these types of discrepancies least likely to occur?arrow_forwardRisk assessment is: Select one: a. Neither subjective nor objective b. Subjective and objective c. Subjective d. Objectivearrow_forward
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- Information Technology Project ManagementComputer ScienceISBN:9781337101356Author:Kathy SchwalbePublisher:Cengage Learning
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ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Cengage Learning