Blog

Week 2 Assignment: Risk Management

Risk Processes and practices are introduced in the first three chapters of Pritchard textbook, chapter seems focused on risk management practices.

1. Based on your readings of these three chapters, conduct a brief additional research on risk management practices and complete the following:
   1. Identify any three industries of your choice
   2. Outline not more than tress risk management practices in each of these three industries.
   3. Compare and contrast the risk management practices in the three industries

2. Table 2.1 on page 15 and table 2.2 on page 16 of the textbook, respectively list risk categories and sources. Table 2.1 is based on PMBOX Guide 1987, and Table 2.2 is based on PMBOX Guide 2000.

Required:

1. Discuss the reasons for the differences in the number of risk categories and sample risk/risk sources
2. Compare and contrast the two table (Table 2.1 and Table 2.2) the evolution of risk management concepts over these two periods