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Purdue University Global The Effectiveness of Risk Management Discussion

Purdue University Global The Effectiveness of Risk Management Discussion

Question Description

Visit the Library and read the article below in preparation for your Discussion Board posting.

Zwikael, O., & Ahn, M. (2011). The effectiveness of risk management: An analysis of project risk planning across industries and countries. Risk Analysis, 31(1), 25-37.

How the effective is current risk management practices to reduce project risk? The research in this paper included surveying multinational, multi-industry organizations across differing cultures and business environments. The results of this study indicate that project context (industry and country where a project is executed) significantly impacts perceived levels of project risk, and the intensity of risk management processes. The findings might suggest that risk management moderates the relationship between risk level and project success. Moderate levels of risk management planning are sufficient to reduce the negative effect risk levels have on project success.

As a result of reading the paper and drawing from your assigned readings take a position (state your premise) that addresses these techniques and methodologies, supporting your position showing the situation (knowledge), an understanding of the situation (comprehension), and how it applies professionally (application). Then, analyze your premise/position with a cited reference or example showing that you have considered all aspects relating to the implementation of your premise as advantages/disadvantages (analysis).


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