This document provides information about getting fully solved assignments from an assignment help service. It lists their contact email and phone number and provides details about an MBA project risk management assignment, including the subject code, credit hours, and evaluation scheme. It includes 6 sample questions from the assignment related to project risk, risk opportunity management systems, identifying project activities and risks, sources of resource and scope risks, and quantitative risk analysis techniques. Students are encouraged to contact the assignment help service to get solved assignments.

1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER IV
SUBJECT CODE & NAME PM 0016 –PROJECT RISK MANAGEMENT
BK ID B2012
Credit & Marks 4 CREDITS AND 60 MARKS
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Question. 1. What is Project Risk? Explain different sources of
project risk with examples
Answer:ProjectRiskManagementincludesthe processes of conducting risk management planning,
identification,analysis,responseplanning,andcontrollingriskonaproject.The objectivesof project
risk management are to increase the likelihood and impact of positive events, and decrease the
likelihood and impact of negative events in the project.
Project Risk identification is the most important process in the Risk Management Planning. Risk
Identificationdetermines which risks might affect the project and documents their characteristics.
However,we shouldnotspendtoomuchtime inidentifying risks. After the list is made, qualitative
and quantitative analysis is done to figure out which risks you spend time and/or money on.
Question. 2. What is Risk Opportunity and Management System
(ROMS)? What are its benefits?
Answer:ROMS is based on 20 years of research and current best practice across a range of high risk
industry sectors including construction, mining, security, nuclear power, defence, social and
economic infrastructure, ports, health, emergency management, asset management etc
ROMS has been used as the basis for risk and

2. Question. 3. 1. Using Internet, identify a project and list down all
the activities and milestonesof a project and the activity risks
associated with these milestones.
Answer:The purpose of this process is to identify the specific tasks needed to be done in order to
produce the project's deliverables. This needs to be done in sufficient detail to estimate what
resources and time will be required to complete them. The main inputs are the scope baseline
consisting of the approved project scope statement, the work breakdown structure, and the WBS
dictionary.
2. Using Internet, identify a project and the activity risks associated
with it.Categorise the risks into three groups: controllable known,
uncontrollableknown and unknown. Find out the percentage of
“unknowns” in total risks atthe beginning and towards the end of
the project.
Answer:The work package is the lowest level of the WBS is achieved when the work can be
accuratelyestimated(bothcostandduration) andcan be managed by one individual. The key word
here is 'managed', although the work package can be managed by one person, the actual work
within the work package may be completed by several people.
For example, One individual could manage
Question. 4. What are the sources of resource risks?
Answer: Resource risksrepresentlessthanone-thirdof the recordsinthe PERIL database. There are
three categories of resource risk: people, outsourcing, and money. People risks arise within the
projectteam.Outsourcingrisks are due to the use of people and services outside the project team
to performcritical projectwork.The thirdcategory,money,is something of an anomaly in the data,
as veryfewof the problemsreportedwere primarilyaboutfunding.Moneyis,however, a key factor
in many of the people and outsourcing problems, and
Question. 5. What are different types of scope risks?

3. Answer: While scope risksrepresentedroughlyone-third of the data in the Project Experience Risk
Information Library (PERIL) database, they account for close to half of the total impact. The two
broad categories of scope risk in PERIL relate to
Question. 6. Explain the three point estimates used in quantitative
risk analysis.
Answer:The three-point estimation technique is used in management and information systems
applications for the construction of an approximate probability distribution representing the
outcome of future events, based on very limited information. While the distribution used for the
approximation might be a normal distribution, this is not always so and, for example a triangular
distribution might be used, depending on the
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601