Project Risk Management

Instructions

Write a paper discussing your work experience, observations, and/or outside reading on a topic involving practical risk management (e.g. disaster recovery, changes in project scope, technology risk, etc.). Be sure to relate your experiences to the course concepts. This will be a minimum of four pages. Academic writing normally includes more than 1 citation with the related reference. For this assignment, at least 3 references are expected. APUS Assignment Rubric Graduate Level.pdfSubmission Instructions:For all papers submitted to this class, APA (6th edition) format is required.  The cornerstone of academic writing is "compare and contrast" which is what you will be doing when you discuss how your selected article applies to the concepts studied in the course.  The use of subheadings and table of contents is encouraged as this helps to organize your paper.

Answer

Project Risk ManagementRisk management can be defined as the process of identifying, analyzing threats and initiating measures to control the impacts of the risks on an organizational capital and revenues. The threats are diverse from legal liabilities, financial uncertainties, changes in projects due to a strategic error, accidents, technological risks and natural disasters. Therefore, there is need to incorporate a risk management plan in an organization to ensure the identification and control risks, especially to digital assets to safeguard the organizations data (Moran, 2014). In the 21st century, many government bodies have passed various statues to ensure each organization has a risk management strategy as part of regulatory compliance. Thus, risk analysis and internal audits have b...
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