IT Project Management IT270 Question 1 A. project has five stakeholders, when an

Question

IT Project Management IT270

Question 1

A. project has five stakeholders, when an additional project member gets added, how many communication channels exist?

b. The project manager intends to get a module completed within a deadline but there are few reluctant team members who don’t intend to comply with the manager. What strategies can the manager use to resolve the potential disagreements?

Question 2

A. Define risk utility. How can we categorize people as risk-averse, risk-seeking or risk neutral on the basis of risk utility.

b. Explain how risk quantification can be done using the probability/impact matrices. Draw a sample probability/impact matrix to illustrate the concept.

Explanation / Answer

Solution:

Note: The first question is done as per Chegg guidelines, please repost others. ?

1)

A

The stakeholders can be considered as the nodes in the graph and the channels are like edges in the graph

so maximum they can be with n stakeholders = n(n-1)/2

currently, there are 5

and when one has added it becomes 6

so total number of communication channles= 6*5/2 = 15

B)

The strategies which can be followed are:

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