Unit 4 DB: Managing Risk / Scheduling Resources and Costs:

Discussion Board Requirements:

For PMG300, each unit covers two chapters of our primary textbook, Larson, and you are expected to achieve weekly Project Management proficiency through assigned SmartBook readings, application of readings to Wednesday Discussion Boards (DBs) spanning both chapters, and knowledge competency of the chapters through LearnSmart Exams each Sunday.

As hybrid assignments covering both chapters, DBs are expected to be 400 to 500 words in length, with Larson as the primary course connection / reference, and at least one additional course reference or outside source applied to your discussion.

DBs shall adhere to the course rubric, and shall be clearly constructed multiple paragraphs compositions, with APA Footers and In-Text Citations.

In reply to two separate classmates posts, discuss what you learned from their posts, and ask questions about their posts to extend the information and solicit their replies.

Discussion Board Assignment:

Managing Risk / Scheduling Resources and Costs:

Our Unit 4 Discussion Board is a two-part DB covering chapters 7 and 8:

Part 1 - Managing Risk:

Look at either where you work currently, your homelife, or even your current journey through Post University. In any of these scenarios, you are going to meet risk. And in any of these, Im sure youve already experienced some level of risk. So how can we better manage that risk moving forward? Think of how you currently handle risk in a given event, what your objectives have been, what actions you took, and what the outcome was for the risk associated with these events.

Team objectives

Process for handling risk events

Team activities

Team outputs.

Please answer the following:

How can you define risk?

Risk should be dealt with factually and practically. So how can a group of individuals discuss risk in a practical manner?

Projects require a timeline, budget, and technical inputs. How can you improve your estimates for each?

Regarding the budget, be it work, home or with Post University, whats the best way to show those with the money that contingency funds are a necessity?

Where do you think the greatest opportunities are in a project to reduce risk?

Part 2 - Scheduling Resources and Costs:

Our part 2 DB addresses Scheduling Resources and Costs.

You are the resource, and your time is the cost - the project is your Planning and Management of your 17 Hours ADP Course Week Assignments.

Please review the Professors assigned activities and estimated hours in the table below. Then, taking into account other activities and obligations that you have in your personal/professional life, enter these activities into the actual days and actual hours that you generally use to fulfill your 17 hours ADP week.

Based upon your reallocation of activities and hours, and our reading from Larson in Chapter 8, what 3 to 5 factors came into play in your resources and costs planning and management?