CBUMN136H6: Provide One Example Of A Specific Positive Risk: Project Management, UOB, UK

University University of Birmingham (UoB)
Subject CBUMN136H6: Project Management

Questions

1. Provide one example of a specific positive risk. Explain how each of the four risk response strategies could be applied to benefit from the occurrence of this risk. Suggest specific actions to implement each of these strategies. Provide examples of secondary risks and residual risks that may result after applying each strategy.

2. You need to select a specific project management methodology to develop a new project. You are expected to formulate clear arguments to convince the project sponsor that this methodology is the most appropriate methodology to successfully develop that project. As an example, you can use any project you want, real or fictitious, from any industry.

3. Why do projects get approved in the first place? Discuss the importance of producing a business case for each project? Use examples.

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