PJM410 MOD1 Discussion forum 250 words 2 APA cited references
Question Description
Please reply to the below discussion forum in at least 250 words and 2 APA cited references
Required
- Chapter 1 & 2 in Project Risk Management: A Practical Implementation Approach
- Pages 395-400 of Chapter 11 in A Guide to the Project Management Body of Knowledge (6th ed.)
Recommended
- Galli, B. J. (2017). Risk management in project environments: Reflection of the standard process. Journal of Modern Project Management, 39-49.
- Fabricius, G., & Büttgen, M. (2015). Project managers’ overconfidence: How is risk reflected in anticipated project success? Business Research, 8(2), 239-263. doi:10.1007/s40685-015-0022-3
References
Bissonette, M. (2016). Project risk management: A practical implementation approach. Newtown Square, Pennsylvania: Project Management Institute.
Larson, E. W. & Gray, C. F. (2017). Project management: The managerial process (7th ed.). New York, NY: McGraw-Hill.
Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide) (6th ed.). Newton Square, PA: PMI Publications.
Every day we take risks, and while some we are very noticeable, othersare so minor that they hardly make us pause. The same is true in projectmanagement; however, risks taken can impact a project in a number ofways, and not always detrimentally. What are the key benefits ofintegrating risk management into a project? Explain how an effectiveproject risk management process can relate to project success.
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