2nd set
Solved Assignments for Rs.150 each
08627023490
Fall-2013
Master of Business Administration - MBA Semester 4
PM0016–Project Risk Management-4 credits
(Book ID: B1345)
ASSIGNMENT- Set 1
Marks 60
Note: Answers for 10 marks
questions should be approximately of 400 words. Each question is followed by
evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Write a note on Process
Maturity Model.
Answer. Description of
Process Maturity:
Process maturity is an indication of how close a
developing process is to being complete and capable of continual improvement
through qualitative measures and feedback. Thus, for a process to be mature, it
has to be complete in its usefulness, automated, reliable in information and
continuously improving.
The maturity of a process or activity can be defined
to be at one of five levels, from Level 1 (the least mature) to level 5 (the
most mature). The processes at higher levels also address the features of the
lower levels. The
Q2. Explain the steps
involved in performing risk analysis.
Answer. Step 1: Identify the
hazards
First you need to work out how people could be harmed.
When you work in a place every day it is easy to overlook some hazards, so here
are some tips to help you identify the ones that matter:
·
Walk
around your workplace and look at what could reasonably be expected to cause
harm.
·
Ask
your employees or their representatives what they think. They may have noticed
things that are not immediately obvious to you. For information on how you can
do this please visit our worker involvement pages.
Step 2: Decide who
Q3. Evaluate the tools used
to monitor risks.
Answer. Below is a list of risk assessment tools
available
Q4. Explain the six risk
management tools.
Answer. The following diagram illustrates the six
steps of the risk management process: identify, analyze and prioritize, plan
and schedule, track and report, control, and learn. It is important to
understand that the process of managing each risk goes through all of these
steps at least once and often cycles through numerous times. Also, each risk
has its own timeline, so multiple risks might be in each step at any
4. Track and report - Risk tracking monitors the status of
specific risks and the progress in their respective action plans. Risk tracking
also includes monitoring the probability, impact, exposure, and other measures
of risk for changes that could alter priority or risk plans and ultimately the
availability of the service. Risk reporting ensures that the operations staff,
service manager, and other stakeholders are aware of the status of top risks
and the plans to manage them.
Q5. Assess how and why change
fails and analyse the reasons for resistance to change.
Answer. Despite the potential positive outcomes,
change is nearly always resisted. A degree of resistance is normal since change
is:
·
Disruptive,
and
·
Stressful
Kotter and Schlesinger identified four key reasons why
change is resisted:
Parochial self
Q6. Analyse the event chain
methodology.
Answer. Introduction
In the initial stages of a project, complex processes
and the many risks involved makes it impossible to accurately model. A model of
a project is necessary for efficient project management.
Event Chain Methodology, an improbable modelling and
schedule network analysis technique, is a solution to this problem. This
technique is used to manage events and event chains that influence project
schedules.
2nd set
Solved Assignments for Rs.150 each
08627023490
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