Application of Risk Management in Projects
I ask each of you to reach across your professional experience and share what you feel are relevant examples of risk influencing a project, either positively or negatively. How might better preparation and understanding of the influence of risk and its management have enhanced the outcome you have observed. Connect this to the assigned reading from Week 1 and Week 2. You will not see other’s postings until you post your first one, and importantly, you need to reply to at least two of your peer’s postings. This medium is instrumental in gaining an understanding through peer sharing.
Required readings this week are as follows:
- Chapter 1 Why Project Risk Management? of Kendrick, T. (2015). Identifying and managing project risk (3rd ed.). New York, NY: AMACOM. ISBN-13: 9780814436080 (Links to an external site.)
- Part 1 Chapter 11 Project Risk Management of Project Management Institute, Inc. [PMI]. (2017). A guide to the project management body of knowledge (PMBOK Guide) (6th ed.). Newtown Square, PA: Project Management Institute. ISBN-13: 9781628251845 (Links to an external site.)
Additional Readings
- Stulz, R. M. (1996). Rethinking risk management. Journal of applied corporate finance, 9(3), 8-25. https://doi.org/10.1111/j.1745-6622.1996.tb00295.x (Links to an external site.)
- Risk Management Case Study: Umatilla chemical depot facility
Week 2 Readings
Required Readings
- Chapter 2 Planning for Risk Management in Kendrick, T. (2015). Identifying and managing project risk (3rd ed.). New York, NY: AMACOM. ISBN-13: 9780814436080 (Links to an external site.)
- Chapter 2 Principles and Concepts and Chapter 3 Introduction to Project Risk Management Processes in Project Management Institute, Inc. [PMI]. (2009). Practice standard for project risk management (Links to an external site.). Newtown Square, PA: Project Management Institute. ISBN-13: 9781933890388
Additional Readings
