GMS 450 Lecture Notes - Lecture 9: Brainstorming, Project Charter, Linear Scale
4 Mar 2016
School
Department
Course
Professor
Document Summary
Group work o o o o o o o o o o o. Developing strategies to eliminate or minimize the probability and impact of negative risks and enhance or ensure the probability and impact of positive risks o. Implementing strategies and monitoring the outcomes on the project. Known, known e. g. the sun will rise tomorrow, death. That is to say, we know there are some things we do not know. But there are also unknown unknowns the ones we don"t know, we don"t know. Project risk: uncertain event or condition that, if that occurs, has a positive or negative effect on at least one project objective. Risk management: the processes of identifying, analyzing, monitoring ad responding to project risk: maximize probability and consequences of positive events, minimize probability and consequences of adverse events. Goals of project risk management: minimize potential threats, maximize potential opportunities. Like another planning process hr, resources, tasks.
