Questions

Q1

Video 1: Designer Behind the World's First Microprocessor

 http://www.youtube.com/watch?v=CcOk3jMRoyA.

Video 2: TechForum 2012: A New Age of Personal Computing

  http://www.youtube.com/watch?v=juoAo8p8OI8.

1.1 From the first and second video, analyze the key ways in which Intel and Microsoft capitalized on and reaped substantial first-mover advantages in pioneering new technologies. Provide a rationale to support your response.

1.2 From the first and video, compare Intel’s and Microsoft’s strategies in terms of their ability to profit from innovation. Next, analyze the manner in which shifts in new technologies revolutionized the structure of the industry, increasing profitability and growth through global expansion. Provide a rationale to support your response.

Q2

2.1 History has shown that the chances of risk events occurring and their respective costs increasing can change over the project life cycle. As a project manager, select at least three risk events as they apply to a hypothetical project, and explain how you would address the risks you selected. Next, determine at least one strategy to mitigate each risk occurrence.

2.2 Differentiate between budget reserves and management reserves. Cite examples to explain your points.

Q3

Video: What is Risk Management?

 http://www.youtube.com/watch?v=543TgGRUudg.

3.1 From the video, select one project that you are undertaking or you have completed. Determine at least two additional analyses from the video that would help in facilitating the understanding of the risk management as it relates to your selected project.

3.2 “Risk can never be completely eliminated. It can only be managed”. From the video, discuss how the video explains this statement. Next, analyze why the risk management process is essential to a project's success. Include an example to support your response.