Answer to Question #220524 in Management for deeze

Question

Question 1 ( 50 marks ) Use havard style for referencing

 Identify four (4) risks in a hypothetical project and apply the project risk management framework from Plan risk management to control risk

Answer 1

Risk Management of project : In project management, risk management is the practice of identifying, evaluating, and preventing or mitigating risks to a project that have the potential to impact the desired outcomes.

Some common risks in hypothetical project

• Scope creep. Scope creep happens when either.
• Budget creep. Closely related to scope creep is budget creep.
• Communication issues.
• Lack of clarity.
• Poor scheduling.