Unit 3 Discussion: Your Project Risks and Budget

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Note: You must read Chapter 7 (Risk Management) and Chapter 8 (Cost Estimation and Budgeting) in your text before starting this discussion.

In your Unit 2 Lab Assignment, you prepared a Work Breakdown Schedule and began identifying the requirements for a project team. In Unit 3, you focus on identifying risks that may cause positive or negative impacts to your project as well as understand principles for creating a project budget.

Respond to the following questions:

• Remind us of your project goals in 1-2 sentences.
• Describe 2-3 risks that you identified for your project.
• What steps could you take to prevent or mitigate these risks?
• How would you go about computing the budget for this project? (Note: review the different approaches from the text

 

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