What is the difference between avoiding a risk and accepting a risk?
- Two Paragraphs with a scholar resource, use this resource if you can get it: Larson, E. & Gray, C. (2014). Project management: The managerial process (6th ed.). New York: McGraw-Hill Education.
- 1Project risks can/cannot be eliminated if the project is carefully planned. Explain.
- 2The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager?
- 3What is the difference between avoiding a risk and accepting a risk?
- 4What is the difference between mitigating a risk and contingency planning?
- 5Explain the difference between budget reserves and management reserves.
- 6How are the work breakdown structure and change control connected?
- 7What are the likely outcomes if a change control process is not used? Why?
- 8What are the major differences between managing negative risks versus positive risks (opportunities)?