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Analysis of Risk Factors of Project Management in Social Organizations

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Analysis of Risk Factors of Project Management in Social Organizations

Institution
BUS 01
Module
BUS 01










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Uploaded on
February 2, 2022
Number of pages
27
Written in
2021/2022
Type
Essay
Professor(s)
Unknown
Grade
A+

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LIGS University


SEMINAR PAPER
INTERACTIVE ONLINE DBA PROGRAM




TOPIC: Analysis of Risk Factors of Project Management in
Social Organizations




1

, 2




ERRATA

N/A


ABSTRACT
Project management focuses on developing plans, controlling activities, and
directing employees to meet the desired expectations. Project managers are
responsible for overseeing the performance of members and making critical
decisions that influence the success or failure of the initiative. It is the responsibility
of project directors to ensure that the members complete tasks on time to achieve
the strategic objectives. Projects must be completed on time to reduce additional
expenses and eliminate wastage of physical resources. However, every initiative is
prone to risks that affect the performance or can cause failure. Directors are
responsible for determining and controlling the risks. Besides, managers can make
decisions that trigger the development of risks. Each institution, including social
organizations, develops projects to introduce change or improve performance. Social
organizations experience problems when incorporating project plans that increase
delays or decrease performance. Managers in social institutions disregard the seven
efficiency factors that facilitate the success of a project. Organizations must meet the
needs of the clients to enhance satisfaction. It is critical to mitigating the risk by
incorporating avoidance and acceptance methods to achieve the expected
outcomes.

ANNOTATION
The seminar paper entails the assessment of project risk factors in social
institutions. The text contains the basic concepts of project management and risk
analysis to provide more profound insights regarding the subject. The paper consists
of mitigation methods that can assist social organizations in enhancing their
efficiency in project management. The seminar text comprises project phases,
including initiation, planning, executing, controlling, and closing steps that are critical

, 3




in the successful completion of a project. Besides, the article contains risk analysis
methods, including qualitative and quantitative strategies. Quantitative methods
involve identifying the possible effects of the risks on the initiative. However,
qualitative approaches present the numerical form of the adversity of project
challenges. The risks affecting project performance in social organizations are
increasing, and they will be identified in this seminar paper.

KEYWORDS


1. Project management
2. Project managers
3. Risks
4. Social organizations
5. Project team/ members
6. Initiative
7. Risk analysis
8. Risk management
9. Mitigation
10. Project
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