Assignment: Managing Complex Projects
Journal
Think about the risks in your personal world. How do you and your family manage these risks? Your journal entry must be at least 200 words.
Case Study
Case studies are an important learning strategy in business classes as they provide an opportunity for you to critically analyze events that have taken place in real-life businesses. This develops your critical thinking and research skills as you research the competition and industry in which your business resides with an end goal of formulating a recommendation for the challenges faced by the company.
Read "The Risk Management Department" case on pages 641-642 of your textbook. As you complete the analysis, address the topics below in your case analysis.
1. Financial risk, strategic risk, operational-technical risk, and operational-safety risk represent project risk sources within an organization. Discuss each from a theoretical aspect.
2. Evaluate which of the sources/risks above with which Cooper Manufacturing is involved. Explain the amount of risk associated with each.
3. Explain scheduling techniques that Cooper Manufacturing might use to mitigate its risks.
4. Explain specific tasks that Cooper Manufacturing should use to manage its project risks.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.