Describe Gibson's three step risk management process
What will be an ideal response?
Step 1 Assess the Risks. The overall project risks should be assessed from three perspectives: leadership of the business change, employees' perspective of the change, and the scope and urgency of the change.
Step 2 Mitigate the Risks. Anticipate the areas of highest risk and determine actions to reduce that risk.
Step3 Adjust the Process Management Approach. Gibson divides project management styles based upon whether they are authoritative or participative and analyzed whether the projects have fixed or adjustable budgets and deadlines.
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Infinity Clock Company prepared the following static budget for the? year:
Static Budget ?Units/Volume ?9,000 Per Unit Sales Revenue ?$5.00 ?$45,000 Variable Costs 1.50 ?13,500 Contribution Margin 31,500 Fixed Costs ?3,000 Operating? Income/(Loss) ?$28,500 If a flexible budget is prepared at a volume of? 8,900 units, calculate the amount of operating income. The production level is within the relevant range. A. ?$28,150 B. ?$27,000 C. ?$3,000 D. ?$7,800
General partners owe a duty to inform their partners of all information they possess that is relevant to the affairs of the partnership
Indicate whether the statement is true or false
Which of the following is not a requirement of Sarbanes-Oxley?
A) Code of ethics B) Ethics hotline (anonymous) C) Ethics officer D) Both a and c
The grid technique will evaluate all transportation rates equally
Indicate whether the statement is true or false