Question

How does risk tolerance impact you taking on projects? (Project Management)

How does risk tolerance impact you taking on projects? (Project Management)

Homework Answers

Answer #1

Without a risk management and business continuity plan, we can say that the risk tolerance is the biggest factor which comes into consideration when we need to decide if the project that needs to be undertaken is worth. It has a simple assumption where we can say that the ability to tolerate risks and the efficiency of the company in the terms of being able to do so lies on the premise which takes into account how a company performs under such conditions. If the company shows good response times as well as a structure which can adapt to a given risk or situation while minimizing the impact, the project can be undertaken. While the reverse is also true where a company decides to leave the project based on their past encounters with similar problems.

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
Explain briefly 1)the importance of project management. 2)How does project management enhance the quality of projects?...
Explain briefly 1)the importance of project management. 2)How does project management enhance the quality of projects? 3)How should organizations manage projects more effectively?
How does a person’s risk tolerance affect whether he rates a risk high, medium, or low?
How does a person’s risk tolerance affect whether he rates a risk high, medium, or low?
Understanding risks that affect projects and the impact of risk consideration Yatta Net International has manufacturing,...
Understanding risks that affect projects and the impact of risk consideration Yatta Net International has manufacturing, distribution, retail, and consulting divisions. Projects undertaken by the manufacturing and distribution divisions tend to be low-risk projects, because these divisions are well established and have predictable demand. The company started its retail and consulting divisions within the last year, and it is unknown if these divisions will be profitable. The company knew that opening these new divisions would be risky, but its management...
whats project risk management ? why its impartant ? how to apply risk management ?
whats project risk management ? why its impartant ? how to apply risk management ?
Use a project that you know of and provide a risk management plan for the project....
Use a project that you know of and provide a risk management plan for the project. Conduct an analysis of the risk management process as evidenced by the plan.
Consider the following statement: “The essence of project management is risk management.” What does it mean...
Consider the following statement: “The essence of project management is risk management.” What does it mean in terms of completing a project successfully? Support your response with evidence from the readings or other materials. Be sure to cite your source.
subject,,,,,project management.. All projects have a level of uncertainty. The project manager should do whatever possible...
subject,,,,,project management.. All projects have a level of uncertainty. The project manager should do whatever possible to identify the risks that can affect the project. How can technology be a risk to the project? Is it positive or negative in nature?
1. Research the following, Project Management Institute (PMI), Association for Project Management (APM), and Projects in...
1. Research the following, Project Management Institute (PMI), Association for Project Management (APM), and Projects in Controlled Environments (PRINCE2), and answer the following questions. Remember to cite the references that you use to answer this question. a. What are these? b. How do they differ? c. What sorts of certifications do they provide and how can these certifications be useful to a professional?
How effective would risk management be if you simply identified the risks and then walked away...
How effective would risk management be if you simply identified the risks and then walked away from them? Although some would argue that the simple act of identification improves the ability to watch for risks, it does not take full advantage of the positive impact that a set of well-planned responses may have on a project or organization. Question What is the general governance structure, and attitudes of leaders toward risk within a Debt Collection Company? What should be a...
Nike's management team is considering two projects, a golf club project and a helmet project. A....
Nike's management team is considering two projects, a golf club project and a helmet project. A. Using the table below, calculate firm’s weighted average cost of capital: Nike: % of debt in capital structure 25% % of equity in capital structure 75% Before-tax required cost of debt 6% Tax rate 30% Cost of equity 11% B. Capital Budgeting Project information: Golf club project Helmet project Upfront costs (10,000,000) (8,000,000) Annual cash flows Year 1 $0 $3,000,000 Year 2 $0 $3,000,000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT