Project Trade-Offs and Risk Mitigation: evaluate earned value metrics and assess risks and trade-offs for a given situation
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Assignment
Instructions
Consider a situation in your place of work or daily life where a serious incident occurred that
was related to a risk that escaped notice. Briefly describe what happened and the nature of the
risk that was not identified. What could have been done differently, and had the risk been
identified, what trade-offs could have been initiated?
The assignment must be no less than 200 words in length. No references or citations are necessary unless otherwise used. Grammar and Adherence to APA 7th Style and Format.
• The rules governing the academic grammar and usage of standard American English must be followed, and the language should be clear, precise, and appropriate for the graduate-level program.
• Each paragraph should contain one topic, and topics are organized from general to specific. Every sentence is clear, concise, and precise.
• Every sentence should be devoid of cliches, meaningless phrases, slang, redundancies, colloquialisms, and anthropomorphisms. The correct tense is used.
Course Textbook: Klastorin, T., & Mitchell, G. (2020). Project Management: A Risk Management Approach. SAGE Publications, Inc. (US). https://online.vitalsource.com/books/9781544333953
o Chapter 3: Project Planning, pp. 94–102
o Chapter 6: Project Trade-Offs and Risk Mitigation, pp. 278–284
o Chapter 8: Managing Project Resources
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