Man 4583 final exam ucf - Study guides, Class notes & Summaries

MAN 4583 Final Exam UCF Questions and Answers Already Passed What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? Risk What are the 3 steps in understanding risks? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quan...

MAN 4583 FINAL EXAM UCF

MAN 4583 Final Exam UCF Questions and Answers Already Passed What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? Risk What are the 3 steps in understanding risks? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quantitative...

What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? - Risk What are the 3 steps in understanding risks? - 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? - Develop a risk management plan 1. Identify risks 2. Perform qualitative & quantitative risk analysis 3. Risk response plans 4. Risk regist...

UCF MAN 4583 Final Exam Questions & Answers 2024/2025 Risk - ANSWERSWhat is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks - ANSWERSWhat are the 3 steps in understanding risks? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quantitative risk analysis 3. Risk respon...

Known unknowns risks you are aware of like weather delays, technology, widely dispersed project team, deliverable issues, limited options Unknown unknowns risks you can't predict and they come from super unlikely events like 9/11 event and you plan for them by setting up contingency funds based on past experiences. Risk management plan documents which risks to worry about and how you will handle them 1. evaluate risk 2. rate risk by probability and impact plan for risks of 9 or more risk res...