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University of the Cumberlands Wk 4 Risk Management Cost Estimation Discussion

 

Assigned Readings:

Chapter 7. Risk Management 

Chapter 8. Cost Estimation and Budgeting 

Read and reflect on the assigned readings for the week. Then post what
you thought was the most important concept(s), method(s), term(s),
and/or any other thing that you felt was worthy of your understanding in
each assigned textbook chapter.Your initial post should be based upon
the assigned reading for the week, so the textbook should be a source
listed in your reference section and cited within the body of the text.
Other sources are not required but feel free to use them if they aid in
your discussion.

Also, provide a graduate-level response to each of the following questions:

  1. Give
    some examples of projects using each of the risk mitigation strategies
    (accept, minimize, share, or transfer). How successful were these
    strategies? In hindsight, would another approach have been better?
  2. Consider
    the following observation: “The problem with risk analysis is that it
    is possible to imagine virtually anything going wrong on a project.
    Where do you draw the line? In other words, how far do you take risk
    analysis before it becomes overkill?” How would you respond?

[Your initial post should be at least 600+ words and
in APA format (including Times New Roman with font size 12 and double
spaced). Post the actual body of your paper in the discussion thread
then attach a Word version of the paper for APA review]undefined