Question:-M Full explain this question and text typing work only. 25You're collaborating with the project team to develop risk responses for their project. A project team memberdoesn't grasp the risk response planning process you're utilizing. Which method is the most effective fordealing with project risks and risk responses?Single ChoiceRisks in the project should be addressed by their probability for creating risk responses.Risks in the project should be addressed by the organization's risk tolerance for creating risk responses.Risks in the project should be addressed by their impact for creating risk responses.Risks in the project should be addressed by their priority for creating risk responses.Mark to Review Later PreviousNow Hire Conflic....pdfReference Chec

Risk management is defined as a process which identifies and analyzes the potential risks in order…

Answered: You're collaborating with the project…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Read the case study below and answer ALL the questions that follow.CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio.…
Read the case study below and answer ALL the questions that follow.CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio.…
Read the case study below and answer ALL the questions that follow.CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio.…
Read the case study below and answer ALL the questions that follow.CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio.…
Read the case study below and answer ALL the questions that follow.CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio.…
Read the case study below and answer ALL the questions that follow.CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio.…
A recent report, dated February 3, 2020, on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, Principal at Deloitte Consulting LLP, states that, there is a need for more staff training on COVID 19 to improve health and safety in the workplace, reduction of workplace absences. Most top executives and boards of directors are not engaged in the pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: Media attention to pandemic influenza increases. Legislation or Regulation are passed, requiring enactment Shareholders and investors demand a high level of preparedness. The financial impact of a pandemic on the corporation becomes evident. A new collective bargaining agreement for Haze Trelawny LLP, a steel manufacturing company, is quickly approaching. The entity just penned a huge contract and would require all hands on deck in order to meet the stringent…
Project management techniques1 pageAPA2 SOURCES5HRS Hello. I need some assistance with IT. Check the followingDeliverable Length: 3–5 paragraphs; 3–5 sentencesDetails:In 3–5 paragraphs, complete the following:Describe the following project management techniques for controlling project resources and finance:◦Resource leveling◦Fast-tracking◦CrashingUnder what circumstance would you apply each approach?Conduct a survey of qualitative and quantitative approaches of controlling and forecasting project financial performance.Demonstrate your understanding with appropriate examples.(Hint: Quantitative examples: statistical, simulation, earned value analysis, and ad hoc ……………………… Added to cart
Mary is a project manager at a consulting company. The company regularlybuilds teams to create products for clients. When the product is delivered,the team is dissolved and assigned to other projects. What kind oforganization is she working for?A. ProjectizedB. Weak matrixC. FunctionalD. Strong Matrix An important part of performing stakeholder analysis is documentingquantifiable expectations. Which of the following expectations isquantifiable?A. The project must improve customer satisfactionB. The project should be higher qualityC. The project must yield a 15% reduction in part costD. All stakeholders needs must be satisfied
Managing risk in project is the responsibilities of all stakeholders. Althoughthe potential risk cannot be eliminated, however, the potential risks to happen can be minimized and reduced. In organization, risks can come from all aspects such as business, technical, market, program, or other types of risks. 1. Describe TWO types of analysis processes conducted in performing risk analysis and management.2. List and discuss any THREE types of risk components that can be used to classify the severity level of risk categories. 3. Evaluate how organizations identify, manage, and minimize risks by adopting the use of risk register table?
You are managing a project where you work with 7 other team membersand two sponsors. How many lines of communications are there betweenstakeholders on this project?A. 21B. 36C. 54D. 45 Joe is an excellent programmer. He was promoted to a role of ProjectManager because he understands technology better than anyone else in thecompany. Unfortunately, he is having trouble doing the project managementjob and his projects are failing. What is this an example of?A. Halo effectB. Gold platingC. Pre-assignmentD. Ground rules
Effective planning is not solely about creating a roadmap; it also involves prioritizing tasks and allocating resources efficiently. In the realm of project management, for instance, project planners need to identify critical paths, allocate resources judiciously, and set realistic timelines to ensure the successful completion of tasks. Additionally, planning facilitates communication and collaboration among team members, as everyone understands their roles and responsibilities. The foresight gained through planning enables proactive problem-solving, reducing the impact of potential issues on the overall success of a project. Question: How can organizations foster a culture that encourages ongoing planning and adaptability, especially in dynamic and rapidly changing environments?

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