Summarize Some of the Risks and Risk Activities Discussed in Lehman's (2007) Article
Essay by Woxman • July 8, 2011 • Essay • 260 Words (2 Pages) • 1,839 Views
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* Summarize some of the risks and risk activities discussed in Lehman's (2007) article.
Summarize some of the risks and risk activities discussed in Lehman's (2007) article.
The artical discuss personal, business, and project risk. The personal risk are the risk that pertain to you personally, like your job, your life, and your family. Personal risk seem to be the highest risk because they are mainly about you as a person. When you have a personal risk, you do no want to fail. You don't want to lose your jo, your life or your family. Seem that personal risk is the highest priority. Business risk is the ones that involve your company. Whether or not the company is making money, losing profit, losing stakeholders, losing employees. Business risk are important and depend on may factors: stakeholders, employees, economy, and demand. If one or two of these are not working for the company the company can go belly up. Project risk is whether or not the project can be successful and what is going to happen if the project fails. Can the project set your company aside from others, can the project make your company money, is the project going to benefit the employees or the customers. All these risk are important but it just depends where you are wanting to put all your eggs. Some may think that project risk are more important them personal risk, because if the project fails they may not have a job. Pretty much they all tie into each other.
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