Space tourism risk identification and analysis Essay

Space tourism riskiness assignment and analysis - Essay ExampleUse the 4 categories learned for the RBS technical, organizational, external and PM risks. Hilson (2002) defined risk breakdown structure or RBS as a source-oriented grouping of cast off risks that is detailed as in descending manner towards the sources of the risk. It is hierarchical in structure and provides a guideline in risk management. The expediency of the method is it aids in identifying risk allowing for complete coverage allows risk assessment and categorization by source, t here(predicate)by identifying frontency or correlation that results to capability in focused or generic responses allows equivalence of alternatives or options for management and investment decisions risk reporting reduces misunderstanding as well as provides legitimate information sharing from the bottom up to the highest level of the organization. Comparative Histories Look back at former(a) projects and if there were scope creep i ssues or major scheduling risks. The PERIL database (in the back of your Kendrick textbook) is a inviolable example, but most organizations have files of project completed or cancelled which could be reviewed for insights and lessons learned. guff Discussions Experts who have worked on similar projects are great at taking a potential project apart. ... Calcium is a metal in the structure of bones necessary for biochemical mechanisms that nip muscles. Crystals growing in urine rich in the right chemicals block the kidneys or the bladder (NASA, 1998). Protein pass was also noned where 45 % decrease in protein synthesis occurred as compared to a 15 to 20 % decrease expected from bed rest studies (NASA, 1998). Forecasting Often used in the financial arena, there are many methods such as extrapolation, causal forecasts, etc. These projections always will have limitations they depend on the quality of the historical data available, and are useful for identifying trends but cannot I D specific risks. Soft placement Analysis This method assists in the identification of feelings, attitudes and perceptions of stakeholders that could trigger conflicts in projects if left unchecked, not discussed or not considered during risk/ hazard analysis. Pareto Diagram Demonstrates frequency over time of risks occurring. Review pages 210-211 in the PMBOK Guide for an spokesperson of this diagramming method. Also see the diagram style on p.42, Kendrick text. Straw Man Analysis A what if scenario is developed (hypothetical, like a man built of straw) and then stakeholders discuss the potential risks which might start in a project. Soft system analysis can also take place here better discussed beforehand than during any risk crisis. Brainstorming A group process, useful to ID risk/opportunity decisions about new, large, complex or non-standard activities and project scope, scheduling and aspects. This method relies on group dynamics and depends upon the fuck off of the partic ipants in identifying and dealing with risks. The method is limited due to group think