Question: Porject Management - Project cost risk course. Give an example of a high impact, low probability ( HILP) event. You can select any project. You

Porject Management - Project cost risk course.

Give an example of a high impact, low probability ( HILP) event. You can select any project. You often hear a PM offer the following excuse, "No one could have foreseen that."

High impact means project disaster. Low probability means very unlikely.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 Finance Questions!

Classic 2.0 Brittany Marshall Sunday, February 14, 2016 This report is provided by: Laureate Education, Inc. 650 S. Exeter St. Baltimore, MD 21202 Telephone (U.S. calls): 1.800.925.3368 Telephone...

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...

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

Describe one specific section which surprised you. Explain the concept that was surprising and explain why I Self-Management Copyright 2007. Arnacorn. All rights reserved. Selfmanagement happens when...

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

Why is it important for us to understand how the global system of financial institutions and markets works? ros57395_ch01.qxd 12/21/04 2:45 PM Page 1 Part 1 The Global Financial System in Perspective...

From the case study identify no less than five difficulties and traps mentioned by the case study authors. Please select three areas essential to project management success. Explain why you selected...

Your boss has asked you to analyze and report on your division's sales for the first nine months of this year. Using the following data from company invoices, calculate the mean for each quarter and...

Regardind ECF choose the incorrect its devided into Plasma and Interstitial fluid Transcellular fluid is a specialized type of extracellular fluid cerebrospinal fluid is an example of Transcellular...

9. Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

The Reconstruction and Development Programme (RDP) in part tries to meet this need and has a large commitment to educational provision and people development.

Trade unions and employer associations. These act as pressure groups and can influence employment relations depending on their relative strengths.

Approximately 11,300 affirmative action posts have been allocated in the public sector since April 1994 (Horwitz et al., 1996).