(solved) Assignment on Project Management

Added on -2020-07-23

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PROJECT MANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................11.) Process and approaches of risk management.........................................................................12.) How project is organised and managed with appropriate form of procurement...................33.) Project plan............................................................................................................................7CONCLUSION .............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONIn this competitive world it is quite hard to manage the project working at higher leveland thus many companies are taking various steps to bring their business on top and makethemselves to successfully manage the different working scenario in organisations. Projectmanagement has to be done with having a research of market so that effectively such work canbe done in better manner as well (Fuller and et. al., 2017). This is something which has to bedone in right manner and management also lead to have a proper working as well. The report isbased on Hi-Rize development who is looking forward to expand their business and in future toserve people with their construction work. Assignment will include risk management, theirprocess and approaches as how it will be organised, managed and procurement of activities arealso there although project plan is required as well to have a better working. TASK 1.) Process and approaches of risk management.The risk management is such which help in analysing, assessing and avoiding,minimisation of various unwelcome risk in business or project. Moreover, it can be seen thatmany companies like HRD can use risk assumption, risk avoidance and risk transfer with theother strategy with many proper management of future events in better manner (Verzuh, 2015).Although the threats of risk can come in between work from several sources like (financialuncertainty, legal liabilities, strategic management as well or may be with natural disasters)which can result into fail compliments and work can be hinder for such, risk management plan issuch which increases processes like identifying and controlling as well with threats. The companies even teach their employees about the risk factor and how they have tomanage if risk comes in between their working schedule as this make human resource and otherstaff member of organisation a strength and they face risk as challenge and overcome such thingin better manner as well. Their is a process of risk management and according to such the Hi-Rize department works and it is as follows: Process of Risk management Risk identification Risk analysis Risk assessment and evaluation Risk mitigation 1

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