There are a variety of tools and techniques that could be used to control risks (reassessment, meetings, etc.). While these tools could be used in the workplace, I believe many could be applied to personal situations as well. Consider a situation you've been in that might be considered risky (planning an event, making a major purchase, considering a job change, etc.). How would you control the risk associated with that situation?

As we have progressed in the class, our familiarity with the work breakdown structures (WBS) has increased. The chapter provides some examples using MS Excel or MS Project, and how the concept is used to manage the project management process. Consider a project some of you may be planning for in the coming weeks, one on my list is hosting a holiday party. How might you construct a WBS for that project? What are your expectations for success or failure of the project?