"An ounce of prevention is worth a pound of cure." Benjamin Franklin ... Change My Mind

Goal

Get students to think about the value of risk management strategies and to critically consider alternative perspectives which may benefit a project manager. Students should realize both the opportunities and challenges that exist in risk management processes. Effective project managers assess the strategic importance of risk management processes by balancing benefits and costs of executing these processes.

Related course objectives:

• Analyze business-oriented skills in a given project management environment
• Comprehend necessary project management tools and knowledge to solve business problem

Details

Responding to the above "Change My Mind" prompt, start your own discussion thread on a 'noteworthy' topic emerging from course readings, your own research, or your own experience. The initial discussion thread must:

1. Clearly state your chosen topic.
2. Briefly state why the topic is noteworthy.
3. Initiate a discussion with clear, sufficient, and appropriate support.

The following explains these expectations:

• Is your chosen topic clearly identified? Your chosen topic is clearly identified and not implied or difficult to discern or location in your discussion thread.
• Is it apparent why this discussion thread is noteworthy or important? You provide a clear reason why you chose this particular topic. For example, you have personal experience or external references (e.g., the course textbook, my podcasts, your own independent research, etc.) that either supports or contradicts your chosen topic.
• Is the discussion thread noteworthy or important? The 'so what?' principle, that is, would a peer or your supervisor care? For example, "risk management is important" would not catch the attention or interest of your audience.
• Do you provide sufficient evidence? All sources are used with academic integrity, that is, are properly cited and attributed. Further, all evidence is credible, accurate and presented with an appropriate level of detail.
• Does your discussion demonstrate a sophisticated understanding, use and interpretation of material? Do you develop substantive ideas which integrate concepts, arguments, findings, etc. that have been addressed elsewhere in the course? As appropriate, are you able to properly associate personal and/or professional experiences in your discussion to make larger arguments?

Answer rating: 100% (QA)

Given the complexity and depth of the question concerning the value of risk management strategies lets dissect and articulate arguments both for and against the adage An ounce of prevention is worth a ... View the full answer