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MGMT 610 Assignment Instructions DISCUSSION 1 Read Case 1.8 on p. 36 of the Wilson text and address the following prompts: 1) Based on the case study, assess the risk tolerance of the homeowners....

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MGMT 610
Assignment Instructions DISCUSSION 1
Read Case 1.8 on p. 36 of the Wilson text and address the following prompts:
1) Based on the case study, assess the risk tolerance of the homeowners. 2) Explain how the contractor might plan a risk strategy that would address the potential risks identified in the case study. 3) Do you feel the contractor handled the risk scenario well? Why or why not?
REQUIREMENTS:
The student will post one thread of at least XXXXXXXXXX
For each thread, students must support their assertions with the text, at least (3) three scholarly citations, and (1) one biblical citation in APA format.
Acceptable sources include peer-reviewed journal articles for the scholarly sources, the textbook, and the Bible.
BOOK READING IS UNDER STUDENT RESOURCES.
TEXTBOOK: Larson, & Gray: Project Management: The Managerial Process
Each reply must incorporate at least two scholarly citations in APA format. Any sources cited must have been published within the last five years. Acceptable sources include peer-reviewed journal articles for the scholarly sources, the textbook, and the Bible.
MGMT 610
A
SSIGNMENT

I
NSTRUCTIONS

DISCUSSION

1
Read Case 1.8 on p. 36 of the Wilson text and address the following prompts:

1) Based on the case study, assess the risk tolerance of the homeowners. 2) Explain how the
contractor might plan a risk strategy that would address the potential risks identified

in the
case study. 3) Do you feel the contractor handled the risk scenario well? Why or why not?
R
EQUIREMENTS:
The student will

post one thread of at least

500
-
750
For each thread,
student
s must support thei

assertions with the text, at least
(3)
three scholarly
citations, and
(1)
one biblical citation in APA

format.
Acceptable sources include pee
-
eviewed journal articles for the scholarly sources, the
textbook, and the Bible.
BOOK READING IS UNDER STUDENT RESOURCES.
TEXTBOOK:
Larson, & Gray: Project Management: The Managerial

Process
Each rep
ly must incorporate at least two

schol
arly citations in APA
format. Any sources cited
must have been published within the last five years. Acceptable sources i
nclude
pee
-
eviewed
journal articles for the scholarly sources, the textbook,
and the Bible.
MGMT 610



ASSIGNMENT INSTRUCTIONS DISCUSSION 1


Read Case 1.8 on p. 36 of the Wilson text and address the following prompts:
1) Based on the case study, assess the risk tolerance of the homeowners. 2) Explain how the
contractor might plan a risk strategy that would address the potential risks identified in the
case study. 3) Do you feel the contractor handled the risk scenario well? Why or why not?

REQUIREMENTS:

The student will post one thread of at least XXXXXXXXXX

For each thread, students must support their assertions with the text, at least (3) three scholarly
citations, and (1) one biblical citation in APA format.

Acceptable sources include peer-reviewed journal articles for the scholarly sources, the
textbook, and the Bible.

BOOK READING IS UNDER STUDENT RESOURCES.
TEXTBOOK:
Larson, & Gray: Project Management: The Managerial Process

Each reply must incorporate at least two scholarly citations in APA format. Any sources cited
must have been published within the last five years. Acceptable sources include peer-reviewed
journal articles for the scholarly sources, the textbook, and the Bible.
Answered 1 days After Nov 02, 2022

Solution

Dr Shweta answered on Nov 03 2022
58 Votes
Risk tolerance is defined as the amount of risk that is willingly tolerated by the investor considering the unpredictability in the value of an undergoing investment. The noteworthy part here is risk tolerance that particularly determines the system and the volume of investment chosen by an individual. Hrazdil et al 2022 [1] mentioned in their article that there exists a connective relationship between the risk tolerance of the customer and the inefficiency of supplier investment. They reported that the risk tolerance of the customer plays a substantial role in determining the explicit investment strategies of the project. By reviewing the given case 1.8, it is clear that the risk tolerance of the home owners is very high because they have already sold their existing house and staying in the hotel believing that the construction of their house will be completed in 6 months. They also planned to close their escrow account. But, the completion of work is not solely depending on the contractor ‘s planning or the execution of workers. However, completion of project on -time is actually depends on the environmental factors and weather conditions which are unpredictable and uncontrollable. Hence simply believing the mere assumption of...
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