Chapter 6 – Risk Management
The learning activities can be completed by the Students on their own as a learning opportunity to integrate the materials from the textbook for assignments or tests/exams. Or, they may be used by the Teachers as learning activities in class, or for short answer questions on tests/exams.
- Individually, think about a school project you worked on that was successful. Make a list of the risks (major and minor) that you overcame before starting the project, and during the project. Pair up and share your list.
- Form into small groups. Identify a simple project ie. Building a garden, painting a bedroom, building a deck, planning a trip, etc. Make a list of all the tasks that would need to be completed before the project starts. Make a list of all the risks (major and minor) that could happen. No wrong answers! Decide how you will respond to each of the risks. Develop a Contingency Plan for 3 of the risks.
- Individually, research the internet. Use key words “best practices for risk management.” What did you discover? How would this information be helpful to you in a project? Pair up and share with a partner what you discovered.
These exercises can be completed by the Students to integrate learning materials for assignments/tests. Or they can be used by the Teachers in class to integrate learning or used on tests/exams.
- Risks can be eliminated from a project if they are planned well. Agree? Disagree? Why?
- What is the different between avoiding a risk and mitigating a risk?
- Is contingency planning a good idea? Why? Why not? Explain.
- How is a Risk Breakdown Structure helpful in Risk Management?
- List the steps in a Risk Response Plan.
- How would Human Resources Specialists support the project through the Risk Management process?