Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A new vice president in one of its divisions observed that the portfolio of projects within their division experienced significant variations beyond the +10% established

A new vice president in one of its divisions observed that the portfolio of projects within their division experienced significant variations beyond the +10% established threshold with the potential of not achieving its overall business goals. Hence, they directed all project leaders and sponsors to ensure that they set and work toward more stringent thresholds of +5% and reports on the basis of any variance outside that range How should the risk manager respond? Assess the impacts of this change but do nothing as the project is still within the enterprise-wide threshold Accept project risks since it is already within the enterprise-wide threshold Assess and modify the project risk management plan in response to the new directive. Advise that the decision could increase the risk of their portfolio exponentially

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Hospitality

Authors: John Walker

7th Edition

0133800903, 9780133800906

More Books

Students also viewed these General Management questions

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago