Assigned Readings: Chapter 7. Risk Management? Chapter 8. Cost Estimation and Budgeting? Also, provide a graduate-
Chapter 7. Risk Management
Chapter 8. Cost Estimation and Budgeting
Also, provide a graduate-level response to each of the following questions:
- Give some examples of projects using each of the risk mitigation strategies (accept, minimize, share, or transfer). How successful were these strategies? In hindsight, would another approach have been better?
- Consider the following observation: “The problem with risk analysis is that it is possible to imagine virtually anything going wrong on a project. Where do you draw the line? In other words, how far do you take risk analysis before it becomes overkill?” How would you respond?
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