1. Referring to the Altex Corporation case study, why was a risk management plan considered unnecessary?
2. Referring to the Altex Corporation case study, How effective will the risk management plan be if developed by the project manager in seclusion? Should the customer be allowed to participate in or assist the contractor in developing a risk management plan?
3. Referring to the Luxor Technologies case study, the seven items in the list provided by engineering are all ways of mitigating certain risk events. If the company follows these suggestions, is it adopting a risk response mode of avoidance, assumption, reduction, or deflection?
4. Referring to the Luxor Technologies case study, would you side with marketing or engineering? What should Luxor response be?
5. After viewing the "Dare to Disagree" clip, consider Margret Heffernan's message and what it means to organizations, and answer the following questions. How does this message apply toprojects in general? How does this message apply to riskmanagement in particular?
6. What is a project manager's best course of action if it becomes clear that a project will be unable to produce the deliverables by a sponsor's deadline?
7. What does it mean for a project manager to get into a sunk-cost trap?What are some strategies for avoiding the sunk-cost trap?