Dear students get fully solved assignments Send your semester & Specialization name to our mail id : “ help.mbaassignments@gmail.com ” or Call us at : 08263069601 (Prefer mailing. Call in emergency )

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
(Prefer mailing. Call in emergency )
DRIVE: spring 2017
PROGRAM: MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2)
SUBJECT CODE & NAME: PM 0016 –PROJECT RISK MANAGEMENT
BK ID: B2012
CREDIT AND MARKS: 4 CREDITS AND 60 MARKS
Q1.What is Project Risk? Explain different sources of project risk with examples
 Project Risk
 Sources of project risk
Answer:
Risk is one of the major factors to be considered during the management of a project. Risk can
be defined as,“A probability or threat of damage, injury, liability, loss or any other negative
occurrence that is caused by external or internal vulnerabilities and may be avoided through
pre-emptive action”. In other words, risk refers to an uncertain circumstance that can
Q.2: What is RiskOpportunity and Management System(ROMS)? What are its benefits?
1. Define ROMS & list its objectives
2. List any 4 benefits of ROMS
Answer:
Define ROMS, why was it designed, how can it be used:
ROMS is a risk and opportunity management system that can be applied throughout an
organisation. This system helps in establishing a practical, integrated, systematic, rigorous and
collective approach for managing the risks and
Q3. What is Project Activity Risk? Explain different Categories of Risk with examples.
1. Meaning of Project Activity Risk

2. 2. Different Categories of Risk
Answer:
The first step of creating a schedule (time) management plan is to define an activity and list the
different activities involved in a project to achieve the desired objectives. An activity list
provides a structure to the project plan. A
Q.4: What are the sources of resource risks?
A. Explain the sources of
People risks (4 marks)
Outsourcing risks (3 marks)
Money risks (3 marks)
Answer:
People risks:
Risks related to people represent the maximum risks (by count) in the PERIL database,
accounting for more than two-thirds of the total risk incidents. The sources of people risks can
be divided into two main categories, which are as
Q.5:
What is Scope Risk? Explain different types of scope risks.
1. Meaning of scope risks
2. Types of scope risks Answer:
Answer:
Project scope is the part of project planning that involves determining and documenting a list
of specific project goals, deliverables, tasks, costs and deadlines.
The documentation of a project's scope explains the boundaries of the project, establishes
responsibilities for each team member and sets up procedures for how completed work will be
verified and approved. The documentation
Q.6: Explain the three point estimates used in quantitative risk analysis.
A. Explain the term “three point estimates” (4 marks)
Why are they used in quantitative risk analysis (6 marks)
Answer:
Explain the term “three point estimates”:

3. Three-point estimates describe three scenarios (pessimistic, base case and optimistic) and thus,
help in considering different outcomes and their impacts. Three-point estimates provide a
simple means of representing the magnitude and range of
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )