I INF 305 Lecture Notes - Lecture 12: Leading Edge, Emv, Failure Mode And Effects Analysis

• School: SUNY Albany
• Department: Information Science
• Course: I INF 305
• Professor: Junaid Halabi

Document Summary

Project risk management is the art and science of identifying, analyzing, and responding to risk throughout the life of a project and in the best interests of meeting project objectives. Which one of the below scenarios are examples of positive risks and which one are examples of negative risks: Receiving much more than the expected number of subscribers on the launch date of the service (for example a new telecommunications service). The main programmer on the project quitting the job. Lack of construction material (such as concrete) because of political issues (such as hostile relations between 2 bordering countries) in case of a construction project. Finishing a part of the project way before schedule and creating a lot of slack, as other resources are not scheduled to work on the project until much later. * risk: an uncertainty that can have a negative/positive impact on project objectives.