Risk Management Strategies

1. The concept of ‘risk’ is complex in theoretical terms. It is also complex and complicated, especially in terms of how we are to manage it in projects.
2. How can we define what we mean by ‘risk’ and how can it be managed successfully in large and small projects?
3. You are required to critically analyses the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed for a project.
4. In completing this assignment, you should discuss both theoretical and practical risk management strategies and how these can assist in minimizing risk for your project.

Details of the Paper:

Word length 3000 words (plus or minus 10% = 2700 to 3300)

The following items are not included in your word count

• Cover page,
• Abstract,
• Table of contents
• References List –NOT a Bibliography

– An abstract (300 words max, one single paragraph)

• See separate post on the elements of an Abstract. Note: Be sure your abstract does not sound like the Introduction to the paper. It is often best to write in last.

 

– A table of contents —with page numbers.

– Main body of the paper – you have full creative control over the structure, use section headings to signpost your work for a project of your own conception:

You are required to critically analyse the concept of risk:

• discuss how it can be measured and ranked;
• outline how a project risk management strategy may be constructed for a project of your own conception.

Note: In completing this assignment, you should address how appropriate practices can assist in minimizing risk for your project and the research origination of these practices

Here are some examples of what could be included in your paper.

• What is Risk?
• Why is Risk Management / Analysis Important?
• Review Risk Theories
• How are Risk Theories applied
• (examples from your experience in projects linking the tools/ processes to the theories to demonstrate why they are important to the success of the project)
• What is your conclusion (not summary of the paper) based on what you wrote previously in the paper?

 

– References list (not a Bibliography)- this is mandatory at Master level

• All references in the list must appear in the body of the paper using in-text citations. Example: (author, year)