The PMBOK categorises risks into internal and external factors. Anne found that her working relationship with Mr Richard Cramer was progressively deterioration as his micro management of the project was taking a toll on the project and staff morale. As a result, Anne snd some of the project team members wanted to absolve themselves of the project. Had this transpired, it would have posed a risk on the successful delivery of the project. Define the concept of the situation above would have created, illustrate and discuss the cycle process through which the concept could be managed
The PMBOK categorises risks into internal and external factors. Anne found that her working relationship with Mr Richard Cramer was progressively deterioration as his micro management of the project was taking a toll on the project and staff morale. As a result, Anne snd some of the project team members wanted to absolve themselves of the project. Had this transpired, it would have posed a risk on the successful delivery of the project. Define the concept of the situation above would have created, illustrate and discuss the cycle process through which the concept could be managed
Risk management determines the overall process to first identify business internal and external risks. Along with this, the solutions to tackle these risks are also formulated to reduce their impact. The risk could be managed through avoidance, retention, sharing, and prevention. Thus, it is aware of the business well before various business risks prevail in a business environment to design its strategies accordingly.
Step by step
Solved in 2 steps
