HAMZA KHAILD 70072479

SECTION: “B”

SUBJECT: Fundamentals of Project Management

SUBMITTED TO: Sir, Syed Abbas Raza

ASSIGNMENT NO# “5”

Packer Telecom

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1 Can templates be transferred from one company to another, or should
tailoring be mandatory?
The quality/standard of management/administrative process; which includes the risk
models/templates. Although models/templates can be moved from one company to another,
these models/templates must be flexible and saleable for you to use on all projects. There are
many models/templates that are available for use and using models/templates that have many
models/templates that it is available immediately and it is a well-known method. Using
models/templates below them are not always applicable to the corporate culture of the
company and can result in a lack of purchase, especially if the project manager uses a more
complex model or procedure. Tailoring is an indication that an organization is more effective
with the way this project is managed and that allows people to participate in it and is more
effective for the organization or type of project.

I think these model/templates are possible to move from one company to another, but it can
be developed according to the company's parameters methods. But the model must be
flexible and capable so that it can be used for various projects organized by the company,
although it is possible to get the new ideas from the business model/templates and for the
same service and product. Some information about the procedures or procedures used by the
company to reduce this will also be provided. In this case, either project managers were
looking for ideas to execute their projects using these models.

2 Can probability distributions be transferred from one company to

another? If not, then how do we develop a probability distribution?
To develop a potential distribution and ensure that this data accurately reflects the health of
the organization's current threat, it is important that risk identification has been demonstrated
and appropriate for the organization. This ensures that each risk will consider all current and
significant risks to any further analysis when analyzing the quantitative impact. Generally,
the risk data will not be available in any historical database and should be collected by
interviews, workshops, etc. It is also important that the model is appropriate on the project
model to be used. The project manager must choose the correct device for its management
style. Some of these devices can be made manually and some have a program that you can
use. How do we prepare the division of probability?

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Because of the different objectives and methods used by various firms it is not possible to
move from one company to another. Businesses use their own methods, capital expenditures
and project schedules and scope. To promote the distribution of probability, it can be done
with the help of the company's objectives and objectives. Suppose the company's budget is
more than 25%, then it is very clear to fail. If we develop a distribution, it does not take
account of the company's performance.

3 How do you validate a risk management template?

If it has the following content, the risk management model/template will be verified:

1. Stakeholders Risk Tolerances

2. Roles and Responsibilities
3. Risk Categories
4. Procedure
5. Probability Definitions
6. Probability and Effect Matrix
7. Fund Risk Management
8. Emergency Protocol
9. Effect Definitions

Essential information in the risk management model/template is timelines, risk identification,

threat resolution and reduction, how to use methods, how to deal with risks, prefer different
risks, and develop moderate plans. It will also include projects to reduce risks that cannot be
fully addressed. If all these factors are included in the model, then it's a valid model.

4 Should a risk management template be forward-looking?

Yes, it is very important that there is a template/model that is looking forward because it is
quite clear that the risks are uncertain and can manifest itself at any time and in any form.
From perspective, capital budget and various constraints, it is possible to understand the types
of risks in any business. Suppose the company will have a profit of 50% if this method is
used in the coming years without any change in models, there is a high chance of failure that
some of the main members of the project may leave the situation in this company or there
may be a hidden event.

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5 Can employees begin using a risk management template without some
form of specialized training?
In the absence of special training, it is not possible to use the risk management model for the
workforce. The fact that different companies have their own budgets and objectives
according to the objectives of being achieved and that, therefore, employees need to
understand the different types of models and find new ideas and risk reduction processes.

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