Please reply to the below post in at least 250 words
Required
Chapter 8 in Project Risk Management: A Practical Implementation Approach
Chapter 11.3 in A Guide to the Project Management Body of Knowledge (PMBOK guide) (6th ed.)
Recommended
Ference, S. B. (2015). Don’t let scope creep lead you out of bounds. Journal of Accountancy, 220(3), 18-19.
Williams, T. (2017). The nature of risks in complex projects. Project Management Journal, 48(4), 55-66. Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/research/research-summaries/risk-complex-projects.pdf
Many project risks can be uncovered at the beginning stages of project development, when the scope of the project is being defined. Scope risk, which accounts for about one-third of all risks encountered in projects, falls into three primary categories: scope creep, scope gap, and scope dependencies. Describe each and discuss which form of scope risk is the easiest to isolate and mitigate in a project and why? What is a Black Swan and how can you prepare for these risks in projects? Give an example.
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