Learning Actvity 3

Q1. This unit examines the project execu9on process with emphasis on managing risk. The chances of risk events occurring (and their respec9ve impact on costs) can change over the project life cycle. Consider how significant this change could be to the Project Manager. Considerthe following projects that have inherent high-risk factors:

Cleaning up a toxic waste site,

The launch of a space rocket,

Developing autonomous vehicles

Q2. Select ONE of the above projects of your liking and respond to the following:

Draw from the readings this week and iden9fy poten9al risk events for the project you selected.

Discuss the tools and techniques that the Project Manager should use to analyze the risks events you iden9fied.

From the list of risks events that you iden9fied above, iden9fy which of these risk events the Project Manager might seek to mi'gate, transfer, or absorb. In your answer state WHY he/she would choose the risk management strategy you suggested.