GM594: Project Risk, Quality, and Procurement Monitoring and Controlling

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GM594: Project Risk, Quality, and Procurement Monitoring and Controlling

Draw from your personal and professional experiences to answer the question below.

Read the article: Begley, S. (2009, February 23). Why pundits get things wrong. Newsweek, 153 (8), 45.

Begley postulates that, historically speaking, people that use quantitative risk analysis are usually rejected because they are boring, but that they are usually accurate. In contrast, people that have a “big idea” that is unsubstantiated and lacks good analysis, but that sounds good, will grab our attention. These people are wrong 100% of the time.

Based on your reading of the article, what does this inference mean to you as a project manager trying to manage potential risk in your project?

Remember that this is a discussion, so keep your responses succinct and to the point. Respond to at least three of your colleagues. Be sure to write your initial post according to APA format using citations/examples to substantiate your position and give credit to your references at the bottom of your post. Be sure to synthesize your analysis of the reading as a conclusion and then evaluate your synthesis.

 

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