Complete and submit the responses for the following questions.
As a project manager, define what the term of risk management means to you?
Define what is meant by the terms: 1) decision-making under certainty, 2) decision-making under risk, and 3)
decision-making under uncertainty. From a project manager’s perspective, give an example of each.
I am 70 years old and in upper-management. This “project management stuff” is new to me. As a new and upcoming project manager, explain how to use “lessons learned” as it applies to project risk management?
*Please do not include bullets in this paper
Sources
Text:
Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK®
Guide). Newtown Square, Pa: Project Management Institute. (Chapter 4: Section 4.5 – Pages 105 to 112)
Articles:
Pradip (2017) Processes Involved in Project Controlling and Monitoring: How to Control Overall Project Status?
https://www.simplilearn.com/project-controlling-and-monitoring-article
Wheatcraft, L. (n.d.). Thinking ahead to verification and validation. Retrieved from
https://www.reqexperts.com/wp-content/uploads/2015/07/thinking-ahead-to-verification-and-validation.pdf
Videos:
Monitor and Control Project Work - https://www.youtube.com/watch?v=EmZTtzXToLY
Monitor and Control Project Work - https://www.youtube.com/watch?v=SiEOMUm0Vwg
Websites
https://blog.masterofproject.com/monitor-and-control-project-work-process/
https://www.greycampus.com/opencampus/project-management-professional/monitor-and-control-project-work