Organizational and project risks can originate from various sources, and stakeholders can take a number of stances in response to prepare for possible risk. In the same way that individuals of varying age, gender, and socioeconomic status encounter and respond differently to distinct risks, the nature of an organization’s product or service influences the types of risk it will incur and the responses available to it. If you think about a time in your own life when you have tried to anticipate and plan for the future, you may have realized that a strategy that proved effective for a family member or co-worker was not equally effective for you.
The PMBOK® Guide (Project Management Institute, 2013) refers to these environment/cultural aspects as Enterprise Environmental Factors and suggests that these factors play an important role in managing risks.
For this Assignment, read Chapter 1 and Appendix 1 in Fundamentals of Enterprise Risk Management (Hampton, 2015). Considering the Russian Frozen Chicken case study, answer the following questions:
Submit your 2- to 4-page paper (not including the title and reference pages). Be sure to adhere to APA guidelines for font type and size and spacing within the paper.
Support your Assignment with specific references to all resources used in its preparation. Use correct APA formatting for all resources. The Walden Writing Center provides preformatted templates with APA-compliant pagination, margins, and spacing. See this week’s Learning Resources.
