Think of how many risks come into play when you decide to conduct a simple project, such as painting your living room. The following are some examples of risks: •What type of paint will you use (and can you afford high-quality paint)? •Who will move that brand new, big screen TV? •Who is going to paint? •Do you have the time, money, and resources? •Have you ever considered any of this, or do you simply cover up as much things as you can and start painting?
Risks exist regardless of whether people acknowledge it or not. Depending on the complexity of the project, the number and type of risk multiplies. Everyone has their own solution to each risk, but when working with a group within an organization, fragmentation such as this becomes counterproductive and a major risk in the end. Group Portion As a group, you are to describe a project that all of you will participate in, and include the following: •Define the goal of the project •List the project’s duration •Explain who are the stakeholders (those who participate) •Review benefits by the project implementation •Explain your need for resources