Operations Management homework help

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Monitoring and Responding to Risk

In developing documentation for the risk management plan, project teams determine early warning signs or triggers, which help with risk monitoring.

  1. Identify      a project with which you are familiar, a case study, or a project/case      study from your textbook, and develop a set of at least four early warning      signs. Categorize the triggers in terms of their impact on the quality of      work performed, the schedule, and/or the budget. (Note: Chapter 7 in your      textbook may be helpful to you.)
  2. Support      your positions with at least one current (no older than five years)      scholarly source, beyond the course materials and textbooks. Library is a      good place to find sources. Make sure to cite your sources following      the APA new format.

Chapter 7 in Mastering Risk and Procurement

Part I, Sections 11.5 & 11.6 in PMBOK® Guide

Part I, Chapter 2 in PMBOK® Guide

Domanski, J. (2016). Risk categories and risk management processes in nonprofit organizations. Foundations of Management, 8(1), 227-242.

Zhang, Y., & Zuo, F. (2016). Selection of risk response actions considering risk dependency. Kybernetes, 45(10), 1652-1667.

Domanski, J. (2016). Risk categories and risk management processes in nonprofit organizations. Foundations of Management, 8(1), 227-242.

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK Guide®) (6th ed.). Newtown Square, PA: Project Management.

Wilson, R. (2015). Mastering risk and procurement in project management: A guide to planning, controlling, and resolving unexpected problems (1st ed.). Upper Saddle River, NJ: Pearson.