Question

What is an Risk Breakdown Structure? What are the three level factors pertaining to project coordinators...

What is an Risk Breakdown Structure? What are the three level factors pertaining to project coordinators of a client team?

Homework Answers

Answer #1

Risk breakdown structure is nothing but a graphical representation in the form of a flow chart in which it is clearly depicted that what are the possible risks involved at the highest levels , then further branches are made to show the risks at the lower levels and then finally the micro risks that might happen in the completion of the project. Such risks could be technical risks, operational risks , inadequate management of work risks or else any other external risk factor as well.

Levels of risks involved are:
•   Client requirement may change in between
•   Budget finalization error and time estimate error
•   Rejection of the final product delivered to the client

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the difference between project task plan and WBS (work breakdown structure)? Please explain in...
What is the difference between project task plan and WBS (work breakdown structure)? Please explain in simple terms. Please do not copy words from other source.
Develop a work breakdown structure for a house construction project a. Identify the predecessors and successors...
Develop a work breakdown structure for a house construction project a. Identify the predecessors and successors for activities in house construction project.    b. Draw a network diagram. (You can draw in paper, scan it and insert to your assignment or use computer to draw the diagram).
(Project Management) Q1) Create WBS (Work-breakdown structure) for Mobile Application Development Project. Application should be able...
(Project Management) Q1) Create WBS (Work-breakdown structure) for Mobile Application Development Project. Application should be able to allow passengers to have self-check-in at airports. Q2) Create Design Structure Matrix (DSM) using listed tasks created in Q1. Find the activities which are dependent upon each other.
Approaches to Work Breakdown Structure (WBS) The PROJECT MANAGEMENT INSTITUTE (PMI) states that a WBS MUST...
Approaches to Work Breakdown Structure (WBS) The PROJECT MANAGEMENT INSTITUTE (PMI) states that a WBS MUST be product-oriented (planned outcomes, not planned actions). Why do they say this and what would this imply regarding the precedence of the WBS and the requirements engineering effort?
Senior Design project . Transportation-> Parking Lot next to the beach Breakdown Structure: I am going...
Senior Design project . Transportation-> Parking Lot next to the beach Breakdown Structure: I am going to redesign the parking lot. I want you to write a nice and clear Mention of traffic during construction. Thanks
What are the three levels of risk factors within the framework of the Ecological model?
What are the three levels of risk factors within the framework of the Ecological model?
Read the following case carefully. Develop a work breakdown structure (WBS) for the project. The WBS...
Read the following case carefully. Develop a work breakdown structure (WBS) for the project. The WBS should be organized by either “phase” or “project management process groups.” Break down the work to Level 3. The case description is simple. Thus, go beyond the case description and be creative to include additional detailed tasks.    ---------------[Case] ----------------------- Project for building a new, state-of-the-art multimedia classroom for your organization within the next five months and the budget is $200,000. The classroom should...
Consider a stock that is sensitive to three risk factors. The risk premiums of this stock...
Consider a stock that is sensitive to three risk factors. The risk premiums of this stock for these three factors are 3%, 7% and 1%. In terms of sensitivity to these three risk factors, the values are 1.2, 1.8 and 0.6, respectively. The return on a zero beta stock is 3%. Calculate the expected return of this stock using the APT model assuming the numerical value of the error term is 0. 17.8% 19.8% 21.8% 12.8%
If a prospective project has a risk level greater than the average risk project in the...
If a prospective project has a risk level greater than the average risk project in the company, should the company evaluate the prospective project with the company's current cost of capital? Explain.
What is the impact of the following independent factors on the elements of the audit risk...
What is the impact of the following independent factors on the elements of the audit risk model? E.g. increase (I) / decrease (D) / no change (N) Item Factor Acceptable audit risk Inherent risk Control risk Planned detection risk 1 The auditor discovered several material misstatements in the prior year audit 2 Based on prior year tests, the auditor decides to place more reliance on internal control 3 Assessment by the auditor indicates that the client may have going concern...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT