Morgan State University Techniques in Quantitative Risk Analysis Project
Morgan State University Techniques in Quantitative Risk Analysis Project
We have all worked on projects whether formally (implementation of new software) or informally (planning a school program). In general, the Project Manager is assigned the role of managing the risk of the project, but everyone involved in the project including project team members, sponsors, key business unit stakeholders and the like, are responsible for the project. Consider your experience on a project and what contributed to its success or failure. Perhaps it is the project’s completion on time, in scope, within budget limits, stakeholder satisfaction, increase in market share, quality improvement, or other business measures of success or failure. Articulate and defend three common techniques used in quantitative risk analysis. Devise a ‘risk register’ format for a project with which you are familiar, describe the four basic response strategies for negative risks, and suggest a strategy for at least four items on your specific project risk register.
Direction:
- writing standards and APA style guidelines.
- Be sure to support your statements with logic and argument, citing all sources referenced
- Write 4 paragraph essays (Introduction, body and conclusion)You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
