Question: Attaining benefits and balancing risk within a program requires significant effort and expertise to deliver the expected strategic value. Discuss the concept of risk versus

Attaining benefits and balancing risk within a program requires significant effort and expertise to deliver the expected strategic value. Discuss the concept of risk versus reward and how this works within a program. What skills and competencies are required to execute this balance? How might a risk register and benefits register clarify the risk versus reward discussion? Provide examples from your readings and professional experience to support your response.

Step by Step Solution

★★★★★

3.42 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Risk vs Reward in Program Management Balancing for Strategic Value Achieving program benefits while managing risks is a critical challenge in program management This section explores the concept of ri... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...

Provide summary for each article below: The future of work in technology: 1) Forces shaping the future of work in technology Technology's transition to a new role in the organization requires the...

Performance Appraisal: Measurement, Assessment, and Management Chapter 7 Radius Images/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Use a...

A sample of 3 measurements are taken and recorded: x = 10, y = 5 and z = 8 The sample mean is: Fill in the table below. ar |ar -x | x+y+z = 7.67 3 8 Ex: 5.34 Y Ex: 5.34 Z Ex: 5.34 Mean absolute...

urgent, dead line on Sunday night Financial statement analysis assignment. instructions attatched with 6 other materials you should use. i willing to pay over $100 but why can't i put any money more...

\f \f11TH EDITION STRATEGIC MANAGEMENT THEORY 11TH EDITION Strategic Management THEORY Charles W. L. Hill University of Washington - Foster School of Business Gareth R. Jones Melissa A. Schilling New...

In the Intro to Purchasing and Supply Chain reading, Page 6, Figure 1-2, there is a comparison of Traditional Purchasing versus the Current Outlook. Provide three reasons why the Current Outlook is...

You are doing some comparison shopping. Five stores offer the product you want at basically the same price but with differing credit terms. Which one of these terms is best-suited to you if you plan...

According to the U.S. Bureau of Labor Statistics, there is a 4.9% probability that a randomly selected employed individual has more than one job (a multiple-job holder). Also, there is a 46.6%...

Calculate the given integral: 4 s e c 6 ( 7 x ) d x 4 3 5 t a n 5 ( 7 x ) - 4 2 1 t a n 3 ( 7 x ) + 4 7 t a n ( 7 x ) + C 4 3 5 t a n 5 ( 7 x ) + 8 2 1 t a n 3 ( 7 x ) + 4 7 t a n ( 7 x ) + C 4 3 5 t...

At the beginning of 2011, Patel company incurred the following start-up and organization costs: (1) Attorneys fees with a market value of $20,000, paid with 12,000 shares of $1 par value common...

Esquire Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct materials costs, direct manufacturing labour costs, and manufacturing overhead...

Indicate whether each of the following actions is related to (a) Managing under the corporate form of business, (b) Using equity financing, (c) Determining dividend policies, (d) Evaluating...

The manager of a local fast-food restaurant is interested in improving the service provided to customers who use the restaurants drive-up window. As a first step in this process, the manager asks an...

Andrea's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Andrea's purchases of Xpert snowboards during September is shown on page 295. During the...

Can we put that she will be making weekly payroll deductions inthe amount of $52.75 to the housing equalling $211.00 monthly

Hong Kongs Wah Shing Toys, one of the worlds largest toy manufacturers, has teamed up with Horizon Fuel Cell Technologies, a Singaporean developer of fuel-cell products, to lead the charge for...

Differentiate between market concentration and market spreading as expansion strategies. Is one universally better than the others for a given product?

Select an industrially developed country (perhaps Japan or a European country) and a relatively less developed country (perhaps a Latin American or African country). Contrast the relative importance...

In anticipation of issuing of long-term bonds, a state issues on May 1, 2015 $200 million of 60-day BANs to nance highway construction. It expects to roll over the BANs into long-term bonds within 60...

The City of Faireld issued $100 million of 20-year, 6 percent coupon bonds (3 percent per semiannual period) for $89.32 million. The price reected a yield of 7 percent (3.5 percent period semiannual...

The East Eanes School District engaged in or was affected by the following events and transactions during its scal year ending June 30, 2015. 1. Teachers and other personnel earned $350,000 in...