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Discussion – Initiating the project

Chapter 11 – Project Risk Planning

Provide a graduate-level response, utilizing material from the weekly reading, to each of the following questions:

1) What is the purpose of dummy tasks, and on what types of project would you use them for budgeting purposes?

2) Define and describe known knowns, known unknowns, and unknown unknowns. Give one example of each you have encountered on previous projects.

3) Identify and define the eight common risk responses that are used and describe how you might use two or three of them together on a project.

The main body of your initial post should be at least 500+ words and in APA format (including Times New Roman with font size 12). Do not post any title section within the discussion forum.

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. The textbook needs to be well utilized in answering all of the questions. Other sources are not required but feel free to use them if they aid in your discussion. However, do not substitute other sources for the textbook.

Textbook:

Title: Contemporary Project Management

ISBN: 9781337406451

Authors: Timothy Kloppenborg, Vittal S. Anantatmula, Kathryn Wells

Publisher: Cengage Learning

Publication Date: 2018-02-08

Edition: 4th

Suggested Books and Resources

A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide-Sixth Edition / Agile Practice Guide Bundle (HINDI)

ISBN: 9781628255393

Authors: Project Management Institute

Publisher: Project Management Institute

Publication Date: 2019-08-05