MGT 437 Week 4 DQ 1
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Description
Discussion Question #1:
What types of risks are inherent in a project? Where do they originate? Can they be mitigated? Can you provide an example of how?
What types of risks are inherent in a project?
Risk and uncertainty are inherent in all aspects of a project and have a negative effect on the operating profit of the business.
Project risks include: business, contract relationship, cost, funding, management, political, and schedule risks.
Technical risks may involve the risk of meeting a performance requirement, feasibility of a design concept or the risks associated with using state-of-the-art equipment or software.
Production risk includes: concerns over packaging, manufacturing, lead times, and material availability.
Support risks include: maintainability, operability, and...