Information Technology Project Management
9th Edition
ISBN: 9781337101356
Author: Kathy Schwalbe
Publisher: Cengage Learning
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Have you experienced scope creep in your development of a Risk Management Plan (or other policy)? If so, how did you handle it? If not, what actions would you have taken to control scope creep? (Remember, if you have not personally experienced this situation, please research a company or individual who has dealt with scope creep and provide a brief overview of their situation. Be sure to copy/paste the link from which you retrieved the information)
Which five risk-control strategies should be mentioned and quickly explained?
Discuss how scenario building can be used as an important tool in risk management. In your answer, show steps that are required to build a scenario.
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- Which of the following approaches to risk calculation typically assigns a numeric value (1–10) or label (High, Medium, or Low) represents a risk? a. Quantitative risk calculation b. Qualitative risk calculation c. Rule-based risk calculation d. Policy-based risk calculationarrow_forwardSpiral model is a. phase-driven model b. risk-driven model c. risk-process model d. risk-safe modelarrow_forwardGive a brief description of each of the five risk-control strategies.arrow_forward
- Reasoning for the preference for risk analysis intervals rather than specific numbers in terms of chance and consequence is unclear.arrow_forwardHow are decisions about an individual's risk status arrived at?arrow_forwardWhat is the difference between Risk appetite statement and risk tolerance?arrow_forward
- Select one HIM function (e.g., coding, release of information, chart completion, transcription, filing/chart retrieval, document imaging, etc.). For this function, identify and describe one risk associated with this function. Elaborate on how each risk management principle could be applied to your identified risk: Risk assessment Risk mitigation Risk transference Risk avoidance Risk acceptance Describe your chosen risk in a sentence or two. Then provide one substantial and descriptive paragraph for each principle.arrow_forwardExactly what do you mean when you talk about risk management? In the context of risk management, what are the advantages of recognizing the risks and vulnerabilities associated with assets?arrow_forwardWhy is it better to analyze risk using intervals of chance and consequence rather than precise numbers?arrow_forward
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