Project Management: Risk Treatment Methods and Implementation

This assignment delves into various risk treatment methods employed in project management, focusing on scenarios such as app development on unfamiliar operating systems and handling difficult project sections. It highlights the use of avoidance as a strategy when the team lacks experience, suggesting risk transfer for challenging sections. The assignment also validates risk transference with examples and differentiates between risk avoidance and acceptance, explaining that avoidance eliminates hazards while acceptance acknowledges risk without taking action. The document provides relevant references to support its analysis.

Running head: PROJECT MANAGEMENT
Question 3: Risk treatment methods
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
1. Risk treatment method used in development of app project
Avoidance is considered as the best risk treatment method as the team has little
experience in windows operating system which means that they are unable to perform a number
of functionalities on that specific platform (Cagliano, Grimaldi & Rafele, 2015).
2. Risk treatment method used when a project section is difficult
Risk transfer method must be utilized when a project section is difficult to handle as with
the help of risk transfer, the section gets transferred to somebody who is experienced in handling
such sections and thus the chances of risk occurrences gets reduced.
3. Comment on the example of transference
Yes, this is the example of risk transference as risk transfer is defined as one of the risk
management as well as control strategy that generally involve the proper contractual shifting the
of pure risk from one party to another (Carvalho & Rabechini Junior, 2015). Similarly, transfer
of the project to someone experienced can avoid the risk therefore transference is done.
4. Difference between avoidance and acceptance
Risk avoidance is defined as the procedure that helps in eliminating hazards; activities as
well as exposures that can negatively affect the assets of the organization. Whereas in risk
acceptance, the determined risk is accepted but no type of action is taken for reducing the impact
of the risk.

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PROJECT MANAGEMENT
References
Cagliano, A. C., Grimaldi, S., & Rafele, C. (2015). Choosing project risk management
techniques. A theoretical framework. Journal of Risk Research, 18(2), 232-248.
Carvalho, M. M. D., & Rabechini Junior, R. (2015). Impact of risk management on project
performance: the importance of soft skills. International Journal of Production
Research, 53(2), 321-340.