Application
To what extent is risk management an integral part of projects in which you have participated in the past? How can you ensure that all stakeholders are participating in risk assessment and monitoring over the entire lifespan of a project?
For this Assignment, you will investigate and respond to a particular risk management strategy called FMEA, which emphasizes the ways that the risk management process is an integral part of an organization’s culture.
Read the article “Project Risk Management Using the Project Risk FMEA” and address the following:
?Evaluate the approach to contingency planning that was presented in the article. Be sure to discuss particular examples from the article.