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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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ASSIGNMENT
DRIVE SUMMER 2015
PROGRAM MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM4) PGDPMN
(SEM 2)
SUBJECT CODE & NAME PM0016 –PROJECT RISK MANAGEMENT
BK ID B2012
CREDITS AND MARKS 4 CREDITS AND 60 MARKS
Note:Answer all questions.Kindlynote that answersfor 10 marks questionsshouldbe
approximatelyof 400 words. Each questionis followedbyevaluationscheme.
1. Explainthe types ofproject risks.
Answer:Projectrisksare the exposure toacompanythat arisesfromtakingon a particulartask. A
projectriskcan be internal tothe business,itcaninvolve external eventsoritcan stemfromany
othercircumstancesthatcan hamperthe project'soverall successandresultinlossor
embarrassmenttothe firmundertakingit.
1. Executive Support:Wavering,inconsistentorweak
2. Whatare the four quadrants of the risk probabilityand impact matrix?
Answer:A commonprobleminprojectriskmanagementprocesses isthe needtodetermine the
relative significance of differentsourcesof risksoas to guide subsequentriskmanagementeffort
and ensure itremainscosteffective.
A commonapproach isto rank risksintermsof probabilityandimpacttoidentifysourcesof risk
whichwill receivethe mostattention.Thispaperexaminesthe shortcomingsof thistechnique in
guidingthe analysisandmanagementof risksand

2. 3. What are the outputsof a qualitative risk analysis?
What are the keyinputs usedin risk planning?
Answer: Outputsfrom Qualitative Risk Analysis
.1 Overall riskrankingforthe project. Riskrankingmay indicate the overall risk position of a project
relative to other projects by comparing the risk scores. It can be used to assign personnel or other
resourcestoprojectswithdifferentriskrankings,tomake abenefit-costanalysisdecisisonaboutthe
project, or to support a recommendation for project initiation, continuation, or cancellation.
.2 List of prioritized risks. Risks and conditions
4. What are the sources of schedule risk?
Answer:Schedulerisksare the Exposure tolossfroma program notmeetingitsscheduled
objectives. Schedule risksare the mostnumerousinthe ProjectExperience RiskInformationLibrary
(PERIL) database,representingwell overathirdof the records.Theyfall intothree categories:
delays,dependencies,andestimates.Delaysoccurredwheneversomethingexpectedbythe
project—apart,a decision,apiece of information—waslate.Scheduledependencyrisksrelate to
unanticipatedlinkagesormissinginputsthat
5. What are the differenttoolsusedfor analysingproject constraints?
How does SWOTanalysis helpin project management?
Answer:A constraint,inprojectmanagement,isanyrestrictionthatdefinesaproject'slimitations;
the scope,for example,isthe limitof whatthe projectisexpectedtoaccomplish.
The three most significantprojectconstraints -- schedule,costandscope -- are sometimesknownas
the triple constraintorthe projectmanagementtriangle.A project’sscope involvesthe specific
goals,deliverables andtasksthatdefine the boundariesof the project.The schedule (sometimes
statedmore broadlyas time) specifiesthe timeline
6. Explainproject review.
Answer:A ProjectReviewisanassessmentof the statusof a project,ata particularpointintime.
The firsttime inthe projectlife cycle thata projectreview isundertakenisatthe endof the first
projectphase,called"Initiation".Duringthisprojectreview,adecisionismade asto whetherornot
the team hasmet the objectivesandisapprovedtoproceedtothe nextprojectphase,beingthe
"Planning"phase.Performingaprojectmanagementreview atthe endof eachphase is critical to
the successof the project,because itallowsthe
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