Help me study for my Management class. I’m stuck and don’t understand.
Please reply to the below post in at least 250 words
- Chapter 8 in Project Risk Management: A Practical Implementation Approach
- Chapter 11.3 in A Guide to the Project Management Body of Knowledge (PMBOK guide) (6th ed.)
- Ference, S. B. (2015). Don’t let scope creep lead you out of bounds. Journal of Accountancy, 220(3), 18-19.
- Williams, T. (2017). The nature of risks in complex projects. Project Management Journal, 48(4), 55-66. Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/research/research-summaries/risk-complex-projects.pdf
Many project risks can be uncovered at the beginning stages of project development, when the scope of the project is being defined. Scope risk, which accounts for about one-third of all risks encountered in projects, falls into three primary categories: scope creep, scope gap, and scope dependencies. Describe each and discuss which form of scope risk is the easiest to isolate and mitigate in a project and why? What is a Black Swan and how can you prepare for these risks in projects? Give an example.