Discussion 4 – proj risk

 Assigned Readings:Chapter 9: Risk response and Treatment OptionsChapter 10: Risk Monitoring and ControlProject Quality Conference Paper:  https://www.pmi.org/learning/library/practice-three-project-quality-management-7198Project Quality Conferecne Paper:  https://www.pmi.org/learning/library/developing-grading-system-project-quality-6731Six Sigma Conference Paper:  https://www.pmi.org/learning/library/quality-commitment-six-sigma-initiatives-4801Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:

• What is TQM?
• What must a Project Quality Plan address?
• What does the cost of quality refer to?
• What is Six Sigma?
• Compare and contrast Quality Control and Quality Assurance.
• Please research and provide a two page, referenced discussion on the logic of identifying and eliminating risk for a project and be sure to include an explanation on how an organization comes to conclusions as to how much revenue and time to commit to this process.

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student’s own words – do not provide quotes!] [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review] 

Text

Title: Managing Project Risks; 464 Pages

ISBN: 978-1-119-48975-7

Authors: Peter J. Edwards, Paulo Vaz Serra, Michael Edwards

Publisher: Wiley-Blackwell

Publication Date: 2019