Saudi Electronic University Project Management Paper
We have all worked on projects whether formally (implementation ofnew software) or informally (planning a school program). In general, theProject Manager is assigned the role of managing the risk of theproject, but everyone involved in the project including project teammembers, sponsors, key business unit stakeholders and the like, areresponsible for the project. Consider your experience on a project andwhat contributed to its success or failure. Perhaps it is the project’scompletion on time, in scope, within budget limits, stakeholdersatisfaction, increase in market share, quality improvement, or otherbusiness measures of success or failure. Articulate and defend threecommon techniques used in quantitative risk analysis. Devise a ‘riskregister’ format for a project with which you are familiar, describe thefour basic response strategies for negative risks, and suggest astrategy for at least four items on your specific project risk register.
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