Week3 Chp7 DQ

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  • Two Paragraphs with a scholar resource, use this resource if you can get it: Larson, E. & Gray, C. (2014). Project management: The managerial process (6th ed.). New York: McGraw-Hill Education.

  • 1Project risks can/cannot be eliminated if the project is carefully planned. Explain.

  • 2The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager?

  • 3What is the difference between avoiding a risk and accepting a risk?

  • 4What is the difference between mitigating a risk and contingency planning?

  • 5Explain the difference between budget reserves and management reserves.

  • 6How are the work breakdown structure and change control connected?

  • 7What are the likely outcomes if a change control process is not used? Why?

  • 8What are the major differences between managing negative risks versus positive risks (opportunities)?
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