University of Maryland Global Campus Addressing Risks Analysis
Select a risk that one might encounter on a project.
Describe that risk.
Then, describe how you might mitigate that risk using either simulation (Crystal Ball) or calculation.
You might have a risk that the duration of a task (develop the user interface) on the critical path has
been underestimated so you might ask your technical expert for the optimistic and pessimistic
durations and calculate T-E. You would then use Crystal Ball to determine the duration that would
represent a 90% confidence that the task could be accomplished in that time. Example 1 and the
first tab of the Calculations file illustrates this.
You might have a concern that all of the activities on your critical path have been under-estimated,
so you would calculate µ and σ and use the Z table or the excel formulas to determine the project
duration that gives you a 90% probability of completing within that time frame. You would then add
the difference between your original duration and the 90% duration as the schedule
reserve. Note: if you choose this example, use at least three, but no more than five, tasks in your
calculations. Example 2 and the second tab of the Calculations file illustrate this.
Note, I do not expect you to provide examples as elaborate as these, but I did want to illustrate the
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.