Option #1: Management of risks in major infrastructure projects
Guo, Chang-Richards, Wilkinson, Li. (2014). Effects of project governance structures on the management of risks in major infrastructure projects: A comparative analysis (Links to an external site.). International Journal of Project Management, 32(5), 815-826.
Respond to the following questions based on the information in the case study noted above:
- Identify a minimum of four project risks faced in the case study.
- Identify a minimum of four risk response strategies and detail how these risk solutions can be implemented to achieve project success.
Be sure to properly organize your writing and include a cover page, an introduction, headings/subheadings for the body of your work, analysis and recommendations, a conclusion, and a list of references. Consult this assignment template for a more complete list of requirements: https://csuglobal.libguides.com/writingcenter/apa7_writing_templates/papers (Links to an external site.). Your paper should be 3-4 pages (not including the title and reference pages) detailing and analyzing the specifics in items 1 and 2 above, and it must conform to the CSU Global Writing Center (Links to an external site.). Include at least three scholarly references in addition to the course textbook. The CSU Global Library is a good place to find these references.
Refer to the Critical Thinking Assignment grading rubric below for information on assignment expectations and grading.
The following is information that was posted in an announcement from my professor that will be helpful in completing the assignment
This critical thinking assignment seems to trip students up. Here is what you need to do.
“Identify a minimum of four project risks faced in the case study.” The case study, no matter which one you select, discusses risks. Pick four of them and express them in the cause-risk-effect format. Next the instructions state “Identify a minimum of four risk response strategies and detail how these risk solutions can be implemented to achieve project success.” What you want to do is state which risk response you will use for each risk you selected and how they will support project success. Your subsections should look something like:
Risk N. [Risk Category]
Risk: As a result of [cause], [risk] may occur, which could result in [effect].
Then briefly explain the risk.
Risk response: [Choose – Escalate, Avoid, Mitigation,Transfer, Accept, Exploit, Enhance, Share]. State why you chose that response and how it supports project success.
That, in addition to the Introduction, Conclusion, and References is it. Please let me know if you have any questions.