PM0016–Project Risk Management

SUMMER-2015

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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. Explain the types of project risks.

Answer. Project risk management is a project management activity that involves identifying, assessing, measuring, documenting, communicating, avoiding, mitigating, transferring, accepting, controlling and managing risk. The process of identifying risks is intuitive for experienced project managers. The following types of risks (risk

Q2. What are the four quadrants of the risk probability and impact matrix?

Answer. The Risk Impact/Probability Chart is based on the principle that a risk has two primary dimensions:

Probability – A risk is an event that "may" occur. The probability of it occurring can range anywhere from just above 0 percent to just below 100 percent. (

Q3. What are the outputs of a qualitative risk analysis? What are the key inputs used in risk planning?

Answer. Outputs from Qualitative Risk Analysis

1. Overall risk ranking for the project. Risk ranking may indicate the overall risk position of a project relative to other projects by comparing the risk scores. It can be used to assign personnel or other resources to projects with different risk rankings, to make a benefit-cost analysis decisions about the project, or to support a recommendation for project

Q4. What are the sources of schedule risk?

Answer. Schedule risks

1. Delays

2. Dependencies

Q5. What are the different tools used for analysing project constraints? How does SWOT analysis help in

Answer. Tools:-

1. Critical path method (CPM) is an algorithm for scheduling a set of project activities in a straight line.

2. Critical chain project management is a

Q6. Explain project review.

• Explain the purpose of project review

• Describe Scheduling project review

• Mention the objectives of project review

• Describe how the review is conducted

Answer. There can be multiple purposes for a review.

1. Find out the real status of a project (protect the investment in the project)

2. Review the project manager

SUMMER-2015

Get solved assignments at nominal price of Rs.120 each.

Mail us at: subjects4u@gmail.com or contact at

09882243490