Textbook/Case Source

Milosevic, D. Z., Patanakul, P., & Srivannaboon S. (2010). Probability and Impact. In Case studies in project, program, and organizational project management (pp. 245-246). Hoboken, NJ: John Wiley & Sons Inc.

This probability and impact case study presents the use of probability and impact as a risk analysis procedure. The case discusses the development of appropriate risk thresholds for the nature of risk events during the execution of projects. This case shows how risk analysis procedures can be adjusted to address different types of risks.

Description

In your analysis of this case, you must ensure that you include the following:

An introductory paragraph and brief summary of what thiscase study is about. An explanation the benefits of project risk management (provide at least three benefits), providing details as to how risk management was conducted in the case. Explain the components of a robust Risk Management Plan and Risk Register and discuss how risk management was conducted in this case. A short paragraph as conclusion

Define the outcomes and objectives for your analysis. What questions are you trying to answer and what issues are you trying to resolve

evolution of the industry in which the enterprise operates (e.g., changes in technology, customer needs, competitive landscape)xvi. evolution of strategy - business, technology, and market - of the enterprise

evolution of technology (including manufacturing), product platforms, and product lines of the enterprise

the technology, product, and process development process within the enterprisexix. growth (or decline) of the enterprise with respect to market share, revenues, costs, profits, etc.

organizational structure of the enterprisexxi. key decisions made at different stages in the life of enterprise, and the drivers for these decision

. Make extensive use of figures, tables, trees, etc. to shape your thinking during the structuring process.

Draw conclusions, answer questions, resolve issues, and make recommendations