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Learning Goal: I’m working on a business discussion question and need an explanation and answer to help me learn.
This activity will provide you with an opportunity to engage in one of the scaffolding assignments that contribute to your final project.
Risk is a part of every business and project. Identifying and eliminating as much risk as possible are the duties of the project manager. In addition, maintaining change/version control documents to validate and document changes in the project scope is essential to ensure that the project will be paid for and the customer will accept the project upon completion.
Review Larson and Gray giving special attention to the PowerPoint provided by the authors on the role and impacts of risk and the approaches to Risk Assessment. Typically, the tabular model provided in Figure 7.5 of the presentation is the most utilized approach for reporting potential project risks.
Write a 1–2 pages paper in Word format for your Risk Assessment assignment.
TEXTBOOK: Larson, E. W., & Gray, C. F. (2020). Project management: The managerial process (8th ed.). McGraw-Hill.