BUS 377: Managing project riskplease answer the questions in the instructions not the ones on the mini case Overview Review the ninemini-casestudy series from the Project Management Institute on the...

Running Head: BUS 377: MANAGING PROJECT RISK                    1
BUS 377: MANAGING PROJECT RISK                             7
BUS 377: MANAGING PROJECT RISK
Table of Contents
Identified Key Risk 1    3
Probability of Occurrence    3
Potential Impact    3
Recommended Response    3
Skills and Competencies Required    4
Identified Key Risk 1    4
Probability of Occurrence    5
Potential Impact    5
Recommended Response    5
Skills and Competencies Required    6
References    7
Identified Key Risk 1
As a project manager, the researcher had noticed some of the issues related to detailing and management. Most of the employees were working on a part-time basis, which made them behave more casually towards the goal of the company. That behavior also has been reducing the quality of work and they have to face the related consequences in that case. The divination and the work-life balance are hampered because of this.
Probability of Occurrence
This has occurred because of the rapid changes in the order delivery and the amount of sudden pressure this company had to face. This company spread its business and was quite successful in the first few years. Although they were not even ready to take over the project of the local college however they took it anyway which caused them the rapid recruitment and that causes these issues. The judgment and talent recruitment procedure was not perfectly performed by the company, which caused this problem.
Potential Impact
This situation can create a direct impact on the business and reputation and even damage the relationship with the consumers. This case study displays that this issue has created a direct impact or damage to the educational system of their local college also. As the students were waiting for the books and a late delivery made the whole system of t course regulation even more chaotic, which ultimately affected the business of this particular company.
Recommended Response
The company should have to be more patient about the recruitment and they need to guide more about their employees. The employees are the most evident people in the growth of the company and business. The proper solution will be to enhance the quality of the recruitment process by including more efficient management trainees...