Assignment 5: Managing Risk – The Human Factor

  
PART I Week 10 Discussion
“Risk Balance of Project Portfolios” Please respond to the following:

Consider an organization where you work or have worked.      Discuss the risk balance or policy that senior management plays for a      risky project. If you have not worked in such an environment, discuss a      current project that has appeared in the news media.
Using the example from the previous discussion, assess      the senior management’s developing organizational capabilities.

PART II
Assignment 5: Managing Risk – The Human Factor
Due Week 10 and worth 200 points
Evaluate the project you identified in Week 10, Discussion 1, in more detail by completing the tasks listed below. Note that you will need to conduct further research on the project using the Internet as a resource in order to address all aspects of this assignment.
Write a six to eight (6-8) page paper in which you:

Evaluate the project scope.
Determine the two (2) major risks associated with the      project. Explain each of the identified risks.
Examine the levels of uncertainty and complexity for      the project.
Analyze the type of project learning that is addressed.      Justify your response.
Examine the organizational mind-set and explain its      impact on the project.
Propose changes you would recommend to the infrastructure      for lessons learned.
Use at least three (3) quality references. Note:      Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size      12), with one-inch margins on all sides; citations and references must      follow APA or school-specific format. Check with your professor for any      additional instructions.
Include a cover page containing the title of the      assignment, the student’s name, the professor’s name, the course title,      and the date. The cover page and the reference page are not included in      the required assignment page length.

The specific course learning outcomes associated with this assignment are:
· Analyze the project risk identification and assessment processes.
· Examine the various types of project risks.
· Analyze the process for diagnosing uncertainty and complexity in projects.
· Evaluate the types of learning in projects.
· Evaluate the organizational infrastructure for managing high-uncertainty projects.
· Use technology and information resources to research issues in managing project risk.
· Write clearly and concisely about managing project risk using proper writing mechanics.