Contracts, Procurement, and Risk Management
Quantitative and Qualitative Analysis
Chapter 5 in your textbook describes negative and positive risks.
- Describe a work activity on a project (which might be from a case study or textbook) that had a positive influence, and then describe a work activity that had an influence of a negative nature.
- Which typical strategy would you, as the project manager, use in addressing each risk event?
- Support your positions with at least one current (no older than five years) scholarly source, beyond the course materials and textbooks.
Chapters 3 & 5 in Mastering Risk and Procurement
Part I, Sections 11.3 & 11.4 in PMBOK Guide
Part I, Chapter 8 in PMBOK Guide
Allen, M., Carpenter, C., Hutchins, M., & Jones, G. (2015). Impact of risk management on project cost: An industry comparison. Journal of Information Technology and Economic Development, 6(2), 1-19.
Botezatu, M. A. (2016, Summer). Insight into project risk management. Journal of Information Systems & Operations Management, 1-14.
Allen, M., Carpenter, C., Hutchins, M., & Jones, G. (2015). Impact of risk management on project cost: An industry comparison. Journal of Information Technology and Economic Development, 6(2), 1-19.
Botezatu, M. A. (2016, Summer). Insight into project risk management. Journal of Information Systems & Operations Management, 1-14.
Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK Guide) (6th ed.). Newtown Square, PA: Project Management.
Wijnia, Y. (2016, January). Processing risk in asset management [Thesis]. Retrieved from https://www.researchgate.net/publication/309007678_Processing_Risk_In_Asset_Management
Wilson, R. (2015). Mastering risk and procurement in project management: A guide to planning, controlling, and resolving unexpected problems (1st ed.). Upper Saddle River, NJ: Pearson.
