Peers post you respond too

Discussion Question: Give specic examples of risks on a project that are within the team's control, partially within the team's control, and outside the team's control. Tell how you would deal with each. RESPONSE POSTS Detailed: I.irell developed ideas: illustrates understanding ofthe topic and its related concepts including original ideas 4E] (20 per response} Student engaged classmates: student replied to the posts made by the instructor and other students {up until Sunday evening); student's posts 8. replies relate directly to the weekly topic by exploring the van'ous aspects (details) through discussing or debating the topic and adding original ideas to the content with textbook or other citations for support. Each additional post is at least 45 complete sentences with proper grammar and spelling. Response to instructors request for additional information to initial post does NOT count as one of the required response posts. Risks refer to circumstances that alter a project's deliverables timelines and budgets leading to failure if not appropriately managed Teams may face internal risks that impede the effective completion of projects. and in most cases. they are ollen within team members' control. For instance. scope risk happens when the projectobjectives need to be better dened for the team members. Every projectotten has objects that are a guideline to team members during the development phase Consequently. failure to properly dene the project scope olten leads to disappointment since team members and other stakeholders may tryI to change requirements midrproject, leading to contrary outcomes (Terese et al.. 2019). Scope risk can be mitigated by designing clear parameters from the onset to ensure that every stakeholder shares common insights into the project objectives Cost risk is another internal risk within the project team's control that occurs due to unrealistic or poor budgeting during the planning stage. Cost risk can be mitigated by accurately estimating project elements: closely sticking to the budget: and scheduling regular check-ins to review the budget. Also teams face external risks: including technology risks such as cyberattacks and system breaches that impede project success Technological risks can be mitigated by identifying potential threats and establishing proper measures, such as security protocols to safeguard projects Market risks including competition. forex and liquidity, may adversely impact project outcomes if poorly managed Project managers cannot control these market risks (Tereso et al 2019). However. they can study the market and predict future outcomes that may directly affect the project outcome. For instance. the project should be tailored alter thoroughly studying market risks to mitigate potential threats to project outcomes