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MGMT 610 Assignment Instructions DISCUSSION 3 Review Case 1.8 on p. 36 of the Wilson text and address the following prompts based on the information from Chapter 3: 1. Develop a risk assessment...

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MGMT 610
Assignment Instructions DISCUSSION 3
Review Case 1.8 on p. 36 of the Wilson text and address the following prompts based on the information from Chapter 3:
1. Develop a risk assessment matrix based on the risks that you identified in the Discussion in module 2. See p. 75 for a sample risk assessment (qualitative risk assessment).
2. Develop a weighted risk assessment matrix based on the risks that you identified in the Discussion in module 2. See p. 89 for a sample weighted assessment (quantitative risk assessment).
3. Explain when qualitative assessment is more helpful and when quantitative assessment is more helpful.
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.
IN TEXT CITATIONS FOR REFERENCES
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.
MGM
T 610
A
SSIGNMENT

I
NSTRUCTIONS

DISCUSSION

3
Review Case 1.8 on p. 36 of the Wilson text and address the following prompts based on the
information from Chapter 3:

1.

Develop a risk assessment matrix based on the risks that you identified in the
Discussion in module 2. See p. 75 for a sample risk assessment (qualitative risk
assessment).

2.

Develop a weighted risk assessment matrix based on the risks that you identified in

the Discussion in module 2. See p. 89 for a sample weighted assessment (quantitative
isk assessment).

3.

Explain when qualitative assessment is more helpful and when quantitative
assessment is more helpful.
REQUIREMENTS:
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.
IN TEXT CITATIONS FOR REFERENCES
Acceptable sources include pee
-
eviewed journal articles for the scholarly sources, the
textbo
ok, 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 withi
n 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 3


Review Case 1.8 on p. 36 of the Wilson text and address the following prompts based on the
information from Chapter 3:
1. Develop a risk assessment matrix based on the risks that you identified in the
Discussion in module 2. See p. 75 for a sample risk assessment (qualitative risk
assessment).
2. Develop a weighted risk assessment matrix based on the risks that you identified in
the Discussion in module 2. See p. 89 for a sample weighted assessment (quantitative
isk assessment).
3. Explain when qualitative assessment is more helpful and when quantitative
assessment is more helpful.

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.

IN TEXT CITATIONS FOR REFERENCES

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 15, 2022

Solution

Dr Shweta answered on Nov 16 2022
56 Votes
Ans 1 Case 1.8: This case was about the RPO Construction which was hired to build the custom-made homes of executives in Vancouver, Washington. The retired executive purchased two acres of property on Vancouver bank for their home which should be two-storied, of 8,500 feet2, with wood frame, cement slab, tiles roof along with a patio, landscaped front yard, garage for three-cars, circle-around driveway, and deck off with infinity pool and spa. The major concerns for this construction were pouring of slab foundation during winter, difficulty to locate septic sewer system, and permission to create dock and boat-house. As, the owners sold their cu
ent home and have to stay temporarily in a hotel, they want the construction to complete at the earliest. However, construction company gave them the time of minimum six if there will be no delay due to poor weather, and fast sorting of issues related to septic system and permits. The homeowners were agreed for this time and contractor was also agreed to pay a late completion penalty if project extends beyond the mentioned due date of completion which was of $2,500 per day.
A). The qualitative risk assessment by designing the risk assessment matrix for the Case 1.8 is as follows:
    
    
     Impact
    
    
    Acceptable
    Tolerable
    Unacceptable
    Intolerable
    
    
    Little or no effects
    Effects are felt but not critical
    Serious impact on action and...
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