Spring-2015
Get solved
assignments at nominal price of Rs.120 each.
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Master of
Business Administration- MBA Semester 4
PM0016–Project
Risk Management-4 Credits
(Book ID:
B2012)
Assignment (60 Marks)
Note: Answer
all questions must be written within 300 to 400 words each. Each Question
carries 10 marks 6 X 10=60.
Q1. What are
the different risk categories? What is Risk Breakdown Structure (RBS)?
Answer. Explain
the 4 different risk categories –
• Market
Risk: The risk that the value of your
investment will decline as a result of market conditions. This type of risk is
primarily associated with stocks. You might buy the stock of a promising or
successful company only to have its market value fall with a generally falling
stock market.
• Interest
Rate Risk: The risk caused by changes
in the general level of interest rates in the marketplace. This type of risk
Q2. What is
Risk Opportunity and Management System (ROMS)? What are its benefits?
Answer. ROMS
is a decision-optimization tool
underpinned by a rigorous risk and opportunity management methodology which
harnesses the knowledge and experience of your key staff and stakeholders to
help you make the best decision in a wide range of business contexts.
The most
important benefits in our opportunity and risk management process are:
1. Identify
and assess: Opportunities and risks
are defined as potential deviations from projected earnings. Managers in all
divisions
Q3. List the
mitigation strategies/ideas for scope risks, schedule risks and resource.
Answer. Scope
risks:
A risk is defined as an uncertain event or condition
that, if occurs, has a negative effect or a Positive outcome on a project’s
objectives. In this reference, a scope risk can be defined as the uncertainty
regarding the delivery of in-scope or any other elements listed in the project
scope statement.
Q4. What are
the sources of resource risks?
Answer. People
risks Risks
People risks Risks related to people represent the
most numerous resource risks, comprising almost 20 percent of the entire
database and nearly two thirds of the resource category. People risks are
subdivided into five subcategories:
Q5. What are
different types of scope risks?
Answer. Scope
Risk
Defining what is required is not always easy. However,
so as to ensure that scope risk is minimized, the deliverables, the objectives,
the project charter, and of course, the scope needs to be clearly defined.
All scope risks, be they quantifiable or not, needs to
recognized. Scope creep, hardware defects, software defects, an insufficiently
defined scope, unexpected changes in the legal or regulatory framework and
integration
Q6. Explain
the three point estimates used in quantitative risk analysis.
Answer. The
three-point estimation technique is
used in management and information systems applications for the construction of
an approximate probability distribution representing the outcome of future
events, based on very limited information. While the distribution used for the
approximation might be a normal distribution, this is not always so and, for
example a triangular distribution might be used,
Spring-2015
Get solved
assignments at nominal price of Rs.120 each.
09882651000, 08894387490
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