5-7Sentences for each discussion question 1. Risks are best handled by devel

5-7Sentences for each discussion question
1. Risks are best handled by developing a risk matrix, which is a plan for identifying and managing potential risks. Develop and post a risk matrix for the project Hard Rock hotel under construction collapses: Buildings around Canal Street site evacuated. In your risk matrix, state the risk, describe it and what might cause it, and note the risk of occurrence (probability) as high, medium, or low. Describe the impact of the risk occurring and discuss how it could be prevented, mitigated, or recovered from if it happens.
2. Your project sponsor and customer are impressed with your project schedule, but due to some factors out of your or their control, you’ve been told to deliver your project early. Using the information from the readings, explain how you would go about assessing the possibility of delivering your project early. How will that affect scope, costs, and schedule? Should you “crash” the project or use another approach? What will determine your decision?
3. your project sponsor informed you that you have to deliver your project much sooner than anticipated. When you break the news to your team, they are not happy with the decision; they are concerned that the project will now fail. Using the information from the readings, what can you do as a leader to reassure your project team that this is the right thing to do? What will you do to motivate them? Remember that they are professionals and that threats or traditional carrots may not work.
4. Your stakeholders have asked the project team to recommend a solution to an unanticipated issue in the project. Describe how you plan to lead your group to make the best decision; address the four major steps. What project management tools would you use to prevent group think? How would you respond if a team member makes the following suggestion: “We should brainstorm and then critique each other’s ideas.”