BADM 627 Project Risk & Quality Management
Problem Set #6
Assignment Guidelines 3
Question 1: 3
Question 2: 3
Explain what a Pareto chart is – what the related philosophy is – and what they are commonly used for? 3
Overview: 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.
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 –
Over Dose –
Wrong Drug –
Unauthorized drug –
Wrong IV Rtae –
Technique Error –
Wrong Time –
Dose Missed –
Under Dose –
Duplicated drug –
Wrong Route –
Wrong calculation –
Edwards, P. J., Serra, P. V., & Edwards, M. (2019). Managing project risks. Hoboken, NJ: Wiley-Blackwell.
Project Management Institute, A guide to the project management body of knowledge (PMBOK® guide), Fifth Edition, Project Management Institute Inc. 2013. [Vitalsource version]. Retrieved from https://online.vitalsource.com/#/books/9781935589815/cfi/0
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more