BUS/519 BUS519 BUS 519 Week 6 Discussion Questions

BUS 519 Week 6 Discussion Questions

Week 6 Discussion 1

"Possible Risk Impacts" Please respond to the following:

Using Table 5.4 Possible Risk Impacts, (Chapter 5 of the Heldman text), select the top-three most critical risks regardless of the size or scope of a project. Justify your selection.

Suggest strategies for the project manager to address each type of the risks selected in Part 1 of this discussion. Support your suggestion.

Week 6 Discussion 2

"Quantitative Risk Analysis" Please respond to the following:

After reviewing the Monte Carlo Analysis method presented in Chapter 15 of the Hillson and Simon text, justify why a project manager would request the use of this methodology for a large, complex project. Include an example to support your response.

When an organization cannot justify the use of a method such as Monte Carlo, recommend an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.