Risk Analysis of Alternative Solutions
Activity 4 Document Requirements: In this activity, you enter three or more alternative solutions, analyze them, and rank them based on how well they meet the Activity 4 criteria. (In Activity 6, the risk analysis will be used to screen out all but the two best alternative solutions, considering benefits, cost, and risk.)
Activity 5 Document Requirements: Develop a work breakdown structure (WBS) for each of your alternative solutions to your performance problem.
The reading (T5-Work Breakdown Structure.pdf) in the reference list leads to the IT Economics WBS reading, which includes an explanation of how to develop a WBS and illustrations of work breakdown structures. The illustrations can serve as a model for your preparation of Activity 5. The explanation and illustrations should give you an idea of the level of detail appropriate for the WBS required for each of your alternative solutions.
Activity 6 Document Requirements: Perform a Risk Analysis on each of your alternative solutions to your performance problem.
The reading from IT Economics Corp., Risk Analysis of Alternative Solutions, includes a risk analysis template along with five broad risk criteria and their definitions. Also, there are three examples of the use of the template to document risk analysis. Use this template and the risk criteria to conduct and document a risk analysis for each of your alternative solutions.
In using this template for this course, you are not expected to do as thorough risk identification as would be required in an actual project. You are expected, though, to identify the major risks associated with the alternative solutions for your project. Also, you need to have a minimum of two viable alternative solutions after you perform the risk analysis and screen out any too-risky solutions. The two best alternative solutions are needed to use the remaining templates. The risk analysis can help you to identify areas in which risk mitigate strategies can and should be used.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
