Question: Discuss the risk utility function and risk preference chart in Figure 1 1 - 2 . Would you rate yourself as being risk - averse,

Discuss the risk utility function and risk preference chart in Figure

11 - 2 .

Would you rate yourself as being risk

-

averse, risk

-

neutral, or risk

-

seeking? Give examples of each approach from different aspects of your life, such as your current job, your personal finances, romances, and eating habits?

Discuss the common sources of risk on IT projects and suggestions for managing them. Which suggestions do you find most useful? Which do you feel would not work in your organization? Why?

Provide realistic examples of each of the risk response strategies for both negative and positive risks.

List the tools and techniques for performing risk control.

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