BUS 519

Question 1

Four critical success factors are important for effective risk management: supportive organization; competent people; appropriate methods, tools, and techniques; and simple, scalable processes.

Determine three obstacles for an organization to manage risk effectively.

From the perspective of a project manager, suggest strategies to avoid the obstacles.

Question 2

One of the most important aspects of managing risk for a project is to accurately define the size of the project.

Determine the criteria that must be considered to perform the project sizing.

Create one additional factor with a rationale.