IT Project Management IT270

Question 1

A. project has five stakeholders, when an additional project member gets added, how many communication channels exist?

b. The project manager intends to get a module completed within a deadline but there are few reluctant team members who dont intend to comply with the manager. What strategies can the manager use to resolve the potential disagreements?

Question 2

A. Define risk utility. How can we categorize people as risk-averse, risk-seeking or risk neutral on the basis of risk utility.

b. Explain how risk quantification can be done using the probability/impact matrices. Draw a sample probability/impact matrix to illustrate the concept.