Summer 2013

MASTER OF BUSINESS ADMINISTRATION (MBA) - PROJECT MANAGEMENT SEMESTER 4 PM 0016 PROJECT RISK MANAGEMENT 4 CREDITS (BOOK ID: B1345) ASSIGNMENT- 60 MARKS Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1. Explain the various inputs and tools and techniques of qualitative risk analysis process. (Major inputs 4 marks, tools and techniques 6 marks)

10 marks

Q2. The risk mitigation methodology describes the approach to control implementation. Explain the steps of the methodology. (8.75 marks for methodology, conclusion 1.25 marks)

10 marks

Q3.

There are two main strategies to handle risks, negative risks and positive risks. Explain the Response strategies for threats (Negative Risks) . (4 X 2.5 marks for each strategy)

10 marks

Q4.

What are the tips to remove the top three project estimating risks? Explain in brief. (Explanation of tips 9 marks; conclusion- 1 mark)

10 marks

Q5. An organisation building a risk-based culture must offer incentives for incorporating risk into the project planning and control process. Analyse the concept of performance incentive. (Importance of offering incentives 2 marks; Explanation of categories of incentive including the analysis of it motivates employees to take a particular course of action 8 marks)

10 marks

Summer 2013

Q6. Explain project reviews and risk reassessment briefly. (Reasons for reviews and reassessment 2 marks; Outcome of reviews 2 marks; Explanation of : Schedule the review, Objectives for the review, Conduct the review - 6 marks)

10 marks