journal 644 2

Identifying Project Risk
 The task of identifying and assessing project risks is often assigned a lower priority compared to other project planning tasks. This is unfortunate because every project faces some types of risks and when faced with those challenges, project managers often find themselves in reactive mode instead of proactive.
When risk identification is not completed, problems must be addressed after the fact, often resulting in more costly responses and fixes. Such measures of damage control can lead to additional cost and delay, putting the overall project in jeopardy.
Objectives:
· Report the types of risks to include in the risk management plan.
· Discuss the importance of categorizing and prioritizing risks.
· Analyze every component that can contribute to risk.
Activities:
· Read, view, and engage with Readings and Resources.
· Actively participate in Unit Discussions.
· Complete and submit the Unit 2 Assignment.
· Contribute to your Weekly Journal.

Readings and Resources
Textbook or eBook:
Wilson, R. (2015).  Mastering risk and procurement in project management.  Upper Saddle River, NJ: Pearson FT Press. 
· Chapter 2: Risk Strategy and Planning
The Project Management Body of Knowledge (PMBOK) Guide, created by the Project Management Institute (PMI), consists of widely accepted standards, frameworks, techniques, processes, and terminology for the project management profession.
· Project Management Institute. (2021).  A guide to the project management body of knowledge  (PMBOK Guide) (7th ed.). Project Management Institute, Inc.
Articles, Websites, and Videos:
This video talks about many of the individual and group techniques to identify risks. The interviewee in the video also talks about the importance of reviewing data from past projects, thinking about the current situations, and visualizing future scenarios in terms of risk.
14 What risk identification techniques are available and which is the best one?

In this video, the speaker emphasized on the importance of risk management by citing examples from public traded companies and government organizations. Providing timely access to critical inf
ormation to the right people across the company can save your company from a major disaster.
Enterprise Risk Management | Thomas H. Stanton | TEDxJHUDC
Supplemental Resources:
The following websites provide a detailed description of the purpose and usefulness of a risk register.
· Smartsheet.com (n.d.).  Risk register template .
· Westland, J. (2016, Oct 31).  Risk register template . Projectmanager.com.
This assignment is designed to help you improve your communication, critical thinking, and research skills.  Your deliverable should answer the following questions:
· What did you learn this week?
· Was the material valuable and/or applicable? Please elaborate. 
· If yes, how are you planning to use this material in the future?
· If no, what changes would you recommend?
Your assignment should contain at least 200 words.

image1.png

• WE OFFER THE BEST CUSTOM PAPER WRITING SERVICES. WE HAVE DONE THIS QUESTION BEFORE, WE CAN ALSO DO IT FOR YOU.
• Assignment status: Already Solved By Our Experts
• (USA, AUS, UK & CA PhD. Writers)
• CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER

Why Choose Us?

How It Works

• Click on the “Place Your Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
• Fill in your paper’s requirements in the “PAPER DETAILS” section.
• Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
• Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
• From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.

About AcademicWritersBay.com

AcademicWritersBay.com is an easy-to-use and reliable service that is ready to assist you with your papers 24/7/ 365days a year. 99% of our customers are happy with their papers. Our team is efficient and will always tackle your essay needs comprehensively assuring you of excellent results. Feel free to ask them anything concerning your essay demands or Order.

AcademicWritersBay.com is a private company that offers academic support and assistance to students at all levels. Our mission is to provide proficient and high quality academic services to our highly esteemed clients. AcademicWritersBay.com is equipped with competent and proficient writers to tackle all types of your academic needs, and provide you with excellent results. Most of our writers are holders of master’s degrees or PhDs, which is an surety of excellent results to our clients. We provide assistance to students all over the world.
We provide high quality term papers, research papers, essays, proposals, theses and many others. At AcademicWritersBay.com, you can be sure of excellent grades in your assignments and final exams.