Problem 6- Proj Risk

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Question 1

I would like for you to write me a two-page essay this week with at least three resources other than your book which discusses the natural, human process we all go through daily in managing risks in our daily lives (we have done this since before we started walking).  I want you to draw direct correlation between the processes we go through mentally to avoid risks which could harm us and the risk processes organizations go through in dealing with risk relative to a project. How do they differ - how are they the same?  Give me some examples of behaviors you engage in with your daily life to avoid personal risk. 

Question 2

Explain what a Pareto chart is - what the related philosophy is - and what they are commonly used for.

In the light of the current virus situation, build a Pareto Chart based on the following data relative to taking medication issues.and explain its meaning.

Wrong Patient - 52

Over Dose - 59

Wrong Drug - 76

Unauthorized drug - 1

Wrong IV Rtae - 4

Technique Error - 3

Wrong Time - 83

Dose Missed - 92

Under Dose - 7

Duplicated drug - 9

Wrong Route 27

Wrong calculation - 16

n=429

Assigned Readings:

Chapter 13: Project Complexity and Risk

Chapter 14: Project Risk

Text-

Title: Managing Project Risks; 464 Pages ISBN: 978-1-119-48975-7 Authors: Peter J. Edwards, Paulo Vaz Serra, Michael Edwards Publisher: Wiley-Blackwell Publication Date: 2019 

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