BUS 519 Week 7 Discussion Questions – Strayer NEW
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Week 7 Discussion 1
"Response
Strategies" Please respond to the following:
• After a risk workshop has been
completed, risk interviews are often completed with subject matter experts.
Assess the value of the interviews to identify risk response strategies.
Provide one example of a subject area you would expect to be addressed in the
interview and explain why.
• Give your opinion as to why it is
important to work high-priority opportunities prior to working high-priority
threats. Analyze how those opportunities help you with the rest of your risk
mitigation strategies for a project.
Week 7 Discussion 2
"Planning
for Unknowns" Please respond to the following:
• Evaluate your project management
options in terms of schedule, performance, and cost for the following scenario.
Support your evaluation.
An office building construction project is 80%
complete in the southern Virginia area, when a major hurricane strikes, and
stops progress on the worksite for 10 days while damage is assessed and repairs
are completed. The project has a fixed budget and a completion date that cannot
be moved any further to the right.
• From Part 1 of the ‘Planning for
Unknowns” discussion, analyze how your strategy would be different if you had a
contingency reserve budget, but still could not change the project completion
date. Support your analysis.
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