Scope of the Risk Management Plan 2.2 Risk Management Plan Components 3 2.3 Expected Monetary Value 3

2.4 Determine the Risks 4

2.5 Evaluate and Assess the Risks 4

2.6 Qualitative and Quantitative Processes 4

Section 3 – Risk Analysis and Assessment 4

3.1 Major and Minor Risks 4

3.2 Risk Probability 5

3.3 Risk Matrix Template 5

3.4 Risk Data Quality Strategy 5

3.5 Risk Reviews 5

Section 4 – Corrective Action and Monitoring 5

4.1 Risk Tolerance 5

4.2 Risk M itigation 6

4.3 Corrective Risk Management Strategy 6

4.4 Corrective Action Plan 6

Section 5 – Postmortem Plan 6

5.1 Results 6

5.2 Follow Up 6

Section 6 – References 7

6.1 References 7

Templates 8

Risk Matrix Legend Example 8

Risk Matrix Example 8

Risk Monit oring and Control Example 9

Section 1 – Introduction to the Plan

In the case study “An exploratory study of understanding project risk management from the perspective of national culture,” the significant risk identified is the culture risk. Culture risk is the possibility for a company’s operations in a country to struggle due to variations in language, customs, conventions, and client preferences.

1.1 Benefits of Risk Management

A good project risk management plan allows project managers to look at the entirety of their project and what could go wrong. It helps them develop other strategies for various budgets and timing. The benefits include;

I. Risk culture reflects the shared values, goals, practices, and reinforcement mechanisms that incorporate risk into an organization’s decision-making processes and risk management into its operating processes.

II. Identifying and Evaluating Problem Areas: – A thorough project risk management plan will provide you with a comprehensive view of your project and any possible problems. That way, you’ll be able to focus your (and your stakeholders’) attention on the project’s weak points and conduct frequent status checks, peer reviews, and audits to keep the project on track.

III. Risk management plans give you an early warning of potential risks or issues, enabling the team to prepare and take the required steps to mitigate problems before they become severe and cause irreversible damage.

IV. Accurate Budget Estimations: – You can forecast potential problems if project risk management is mapped into your schedule and cost planning. It will assist you in allocating a contingency budget for each domain, such as cost, time, and resource, resulting in less waste and higher quality.

V. Focused Approach: – Because risks are being actively tracked and controlled, teams may concentrate more on their given tasks. Furthermore, the project team may quickly address problems, assuring project success.

1.2 Project Goals and Objectives

I. Develop a common knowledge of risk across diverse functions and business units to manage risk efficiently across the organization.

II. Gain a more profound knowledge of risk to gain a competitive edge.

III. Make provisions to protect the organization against the unexpected gain.

IV. Develop and strengthen capacities to effectively respond to low-probability, high-impact, catastrophic risks.

V. Improve the management of internal resources to save money.

VI. Increase the efficiency of capital allocation.

VII. To encourage the creation of curricula that is culturally responsible and responsive.

VIII. To make learning the attitudes, skills, and knowledge needed to function in many cultures in different countries more accessible.

1.3 Company Background

Construction projects company background

In construction projects, three national cultures are selected for investigation in the case studies: Chinese, Polish and Singaporean. Cultural influence is critical for successful risk management. Therefore, the goal of the Case study was to find out how contractors’ risk management was influenced by their culture. According to Liu et al.(2015), Four projects in China, Poland, and Singapore were chosen as case studies; the contractors highlighted significant risks, including land acquisition risk in the foreign country, and they outlined risk management strategies in each scenario within the framework of Hofstede’s theory. To demonstrate the link between culture and risk management, according to Liu et al. (2015, p.565), Corporate culture influences enterprise risk management (ERM) and then affects project risk management (PRM).

The findings showed that national culture influences contractors’ risk perception and ways of management; risks were perceived differently by the same contractor under different host cultures (Liu 2015 et al., p. 572).

Impact on the plan

The result indicated that different national cultures perceive and manage project risks differently. According to Liu et al. (2015), Based on Hofstede’s theory and culture model, it is suggested that IDV and UAI are the foci of the cultural impact, while PDI, LTO, and MAS also contribute (574). The host country’s national culture impacts its risk management styles (Liu et al., 2015). It is critical to have this information to strengthen the risk management practices of multinational contractors.

The project plan will help determine the need to mitigate the risk identified by Liu et al. 2015 to help an organization deal with cultural risk.

Significant risks identified from the four projects in the case study

Stakeholders in the case study are the Chinese contractors

Project stakeholders include; The management, Project manager, project team

Stakeholder’s role

The management Stakeholders provide practical and financial assistance to the project. The Risk Project Managers Provide a system for determining and analyzing the economic impact. They examine how to mix retention programs by utilizing realistic and cost-effective options. They also

Prepare risk management, budgets, and records maintenance for future reference. According to Pritchard (2014), project managers are not solely responsible for the project management but take responsibility for the outcomes.

Stakeholder impact

Stakeholder management is unquestionably critical to a successful project relationship. Stakeholder management entails forging positive relationships with all stakeholders and understanding how their efforts contribute to the project’s overall success.

1.4 Risk Identification

All stakeholders and the project team will continuously identify risks during the project’s lifetime. The project manager will log the identified risks into the Risk Register.

The Project Team will use several techniques with the scrum team, subject matter experts, and stakeholders:

1. Interview

2. Meeting

3. Brainstorming

4. Requirements Analysis

5. Project Documentation Review

6. Delphi Technique

7. Internal Groups

The team will conduct a special risk identification session for the following events

in addition to ongoing identification:

1. During a review of the release plan.

2. Analysis of risk breakdown structure (RBS).

3. Analysis of work breakdown structure.

4. When a change request is approved.

5.

6.

7.

8. Outside the Project Team, t

he Project Manager is also in charge of recognizing risks. The project manager will frequently evaluate and analyze the company’s Risk Categories. The project manager will use Risk Breakdown Structure (RBS) since it has been widely accepted as a valuable tool for

structuring the risk process.

Quantitative analysis

It’s not cost-efficient to perform a Qualitative Risk Analysis for this project. However, in exceptional cases, the Project Team may calculate the monetary value of critical risks and develop a decision tree.

Qualitative analysis

This process aims to list risks that require a proactive response. We should also identify urgent risks that need an answer right now. Finally, the Project Team should assess all risks in the Risk Register and determine the Probability and Impact level of the risk’s effect on the project.

The project team will spend an adequate amount of time assessing the risks. The project operates under the dedicated team model. Therefore, we will represent a risk’s impact on the team’s effort.

As we assess the risk, we calculate risk management efforts within the project’s boundaries and cost.

References

Liu, J., Meng, F., & Fellows, R. (2015). An exploratory study of understanding project risk management from the perspective of national culture. International Journal of Project Management, 33(3), 564–575.

Pritchard, P. P. E. C. L. (2014). Risk management: Concepts and guidance, fifth edition. Auerbach Publishers, Incorporated.

2

 Benefits of Risk Management.  Project Goals and Objectives 3

1.3 Company Background 3

1.4 Risk Identification 3

Section 2 – Risk Scope, Components, and Value 3

2.1 Scope of the Risk Management Plan 3

2.2 Risk Management Plan Components 3

2.3 Expected Monetary Value 3

2.4 Determine the Risks 4

2.5 Evaluate and Assess the Risks 4

2.6 Qualitative and Quantitative Processes 4

Section 3 – Risk Analysis and Assessment 4

3.1 Major and Minor Risks 4

3.2 Risk Probability 5

3.3 Risk Matrix Template 5

3.4 Risk Data Quality Strategy 5

3.5 Risk Reviews 5

Section 4 – Corrective Action and Monitoring 5

4.1 Risk Tolerance 5

4.2 Risk M itigation 6

4.3 Corrective Risk Management Strategy 6

4.4 Corrective Action Plan 6

Section 5 – Postmortem Plan 6

5.1 Results 6

5.2 Follow Up 6

Section 6 – References 7

6.1 References 7

Templates 8

Risk Matrix Legend Example 8

Risk Matrix Example 8

Risk Monit oring and Control Example 9

Section 1 – Introduction to the Plan

In the case study “An exploratory study of understanding project risk management from the perspective of national culture,” the significant risk identified is the culture risk. Culture risk is the possibility for a company’s operations in a country to struggle due to variations in language, customs, conventions, and client preferences.

1.1 Benefits of Risk Management

A good project risk management plan allows project managers to look at the entirety of their project and what could go wrong. It helps them develop other strategies for various budgets and timing. The benefits include;

I. Risk culture reflects the shared values, goals, practices, and reinforcement mechanisms that incorporate risk into an organization’s decision-making processes and risk management into its operating processes.

II. Identifying and Evaluating Problem Areas: – A thorough project risk management plan will provide you with a comprehensive view of your project and any possible problems. That way, you’ll be able to focus your (and your stakeholders’) attention on the project’s weak points and conduct frequent status checks, peer reviews, and audits to keep the project on track.

III. Risk management plans give you an early warning of potential risks or issues, enabling the team to prepare and take the required steps to mitigate problems before they become severe and cause irreversible damage.

IV. Accurate Budget Estimations: – You can forecast potential problems if project risk management is mapped into your schedule and cost planning. It will assist you in allocating a contingency budget for each domain, such as cost, time, and resource, resulting in less waste and higher quality.

V. Focused Approach: – Because risks are being actively tracked and controlled, teams may concentrate more on their given tasks. Furthermore, the project team may quickly address problems, assuring project success.

1.2 Project Goals and Objectives

I. Develop a common knowledge of risk across diverse functions and business units to manage risk efficiently across the organization.

II. Gain a more profound knowledge of risk to gain a competitive edge.

III. Make provisions to protect the organization against the unexpected gain.

IV. Develop and strengthen capacities to effectively respond to low-probability, high-impact, catastrophic risks.

V. Improve the management of internal resources to save money.

VI. Increase the efficiency of capital allocation.

VII. To encourage the creation of curricula that is culturally responsible and responsive.

VIII. To make learning the attitudes, skills, and knowledge needed to function in many cultures in different countries more accessible.

1.3 Company Background

Construction projects company background

In construction projects, three national cultures are selected for investigation in the case studies: Chinese, Polish and Singaporean. Cultural influence is critical for successful risk management. Therefore, the goal of the Case study was to find out how contractors’ risk management was influenced by their culture. According to Liu et al.(2015), Four projects in China, Poland, and Singapore were chosen as case studies; the contractors highlighted significant risks, including land acquisition risk in the foreign country, and they outlined risk management strategies in each scenario within the framework of Hofstede’s theory. To demonstrate the link between culture and risk management, according to Liu et al. (2015, p.565), Corporate culture influences enterprise risk management (ERM) and then affects project risk management (PRM).

The findings showed that national culture influences contractors’ risk perception and ways of management; risks were perceived differently by the same contractor under different host cultures (Liu 2015 et al., p. 572).

Impact on the plan

The result indicated that different national cultures perceive and manage project risks differently. According to Liu et al. (2015), Based on Hofstede’s theory and culture model, it is suggested that IDV and UAI are the foci of the cultural impact, while PDI, LTO, and MAS also contribute (574). The host country’s national culture impacts its risk management styles (Liu et al., 2015). It is critical to have this information to strengthen the risk management practices of multinational contractors.

The project plan will help determine the need to mitigate the risk identified by Liu et al. 2015 to help an organization deal with cultural risk.

Significant risks identified from the four projects in the case study

Stakeholders in the case study are the Chinese contractors

Project stakeholders include; The management, Project manager, project team

Stakeholder’s role

The management Stakeholders provide practical and financial assistance to the project. The Risk Project Managers Provide a system for determining and analyzing the economic impact. They examine how to mix retention programs by utilizing realistic and cost-effective options. They also

Prepare risk management, budgets, and records maintenance for future reference. According to Pritchard (2014), project managers are not solely responsible for the project management but take responsibility for the outcomes.

Stakeholder impact

Stakeholder management is unquestionably critical to a successful project relationship. Stakeholder management entails forging positive relationships with all stakeholders and understanding how their efforts contribute to the project’s overall success.

1.4 Risk Identification

All stakeholders and the project team will continuously identify risks during the project’s lifetime. The project manager will log the identified risks into the Risk Register.

The Project Team will use several techniques with the scrum team, subject matter experts, and stakeholders:

1. Interview

2. Meeting

3. Brainstorming

4. Requirements Analysis

5. Project Documentation Review

6. Delphi Technique

7. Internal Groups

The team will conduct a special risk identification session for the following events

in addition to ongoing identification:

1. During a review of the release plan.

2. Analysis of risk breakdown structure (RBS).

3. Analysis of work breakdown structure.

4. When a change request is approved.

5.

6.

7.

8. Outside the Project Team, t

he Project Manager is also in charge of recognizing risks. The project manager will frequently evaluate and analyze the company’s Risk Categories. The project manager will use Risk Breakdown Structure (RBS) since it has been widely accepted as a valuable tool for

structuring the risk process.

Quantitative analysis

It’s not cost-efficient to perform a Qualitative Risk Analysis for this project. However, in exceptional cases, the Project Team may calculate the monetary value of critical risks and develop a decision tree.

Qualitative analysis

This process aims to list risks that require a proactive response. We should also identify urgent risks that need an answer right now. Finally, the Project Team should assess all risks in the Risk Register and determine the Probability and Impact level of the risk’s effect on the project.

The project team will spend an adequate amount of time assessing the risks. The project operates under the dedicated team model. Therefore, we will represent a risk’s impact on the team’s effort.

As we assess the risk, we calculate risk management efforts within the project’s boundaries and cost.

References

Liu, J., Meng, F., & Fellows, R. (2015). An exploratory study of understanding project risk management from the perspective of national culture. International Journal of Project Management, 33(3), 564–575.

Pritchard, P. P. E. C. L. (2014). Risk management: Concepts and guidance, fifth edition. Auerbach Publishers, Incorporated.

2

Your Choice Format, either MLA or APA, rhetorical analysis on Young Goodman Brown found at this location : http://andromeda.rutgers.edu/~jlynch/Texts/younggoodmanbrown.html

You can cite by giving author’s name and then title and then website name and in-text by using paragraph numbers.

Avoid using first person if at all possible since this is collegiate writing. Try to use third person to expound on points…for example…instead of “I think that this story is saying…”, you would write, “This story is saying….” Also, instead of saying, “This story makes me feel like it’s presenting a dark secret”, you’d say…”This story presents a dark secret via its tone and content.”

Length: 700-900 words

You should have a strong thesis that carries through the paper giving your paper’s main argument. You’re giving your impression of the writing, but you’re also making a direct claim about it as well as you present it.

The program (discipline) you are studying is Psychology. My goal is to work with children through counseling.

1. The program research guide you are using and things in it
2. Analysis of one organization or website from your discipline
3. Tips for communicating with folks in your discipline

The complete form shouldn’t be longer than three pages. Less than two full pages will be considered under-developed.

Read the information below for a broad understanding of the purpose of this assignment. Refer to the attached template for more specific details on what to do.

What is a discourse community?

You learned earlier that writing does not exist in a vacuum, that it is a conversation between writer and reader. One scholar, Erik Borg, says that “We do not generally use language to communicate with the world at large, but with individuals or groups of individuals…these groups are gathered into communities.”

Each of us belongs to a number of these groups (called discourse communities). If you stop at a coffee shop routinely, you are a member of that community.

Members know what the “rules” are for communicating with each other, what kind of greeting is used, what the standard length of comments is, what kind of comments are acceptable, and what kind are not.

Other discourse communities might be related to activities with children, fitness, or church.

You can probably think of examples of a conversation topic or a greeting that would be acceptable at the gym but not at church. In this assignment, you are going to look at the communication that occurs in one of your discourse communities, the one formed by an interest in your field of study (major, program, or discipline).

How do I learn about the discourse community in my field?

What will you be looking for? You will be looking at the kinds of reading and writing members of the community do; the expectations and rules (conventions) for the communication; the way they communicate with each other online; and other tips that help you understand this group.

1. Psychology:  Here’s the link to the Psychology Research Guide.

Running head: ALCOHOL AND DRUG ADDICTION 1. Effects of alcohol and drug addiction on adolescents.Addiction is a behavioral activity that brings enjoyment and comfort from inner distress, but it also involves a recurrent inability to regulate the behavior and a continuing of the behavior regardless of the negative effects (Amini Pozveh et al., 2020). Alcohol and drug addiction is defined as excessive and dangerous alcohol and drugs intake that is accompanied by withdrawal and side effects.

Statement of the problem

Adolescent drug and substance usage is a worldwide problem that must be addressed. Many adolescents are significantly involved in drug and substance addiction, posing significant threats to the next generation of parents and grandparents. Young people from all over the globe have now tried a wide range of substances, from smoking and drinking to harder narcotics such as cocaine, marijuana, and opium, among others (Knopf, 2019).

Over the course of several years, the prevalence of drug usage has increased. According to estimations from the World Drug Report, “approximately 250 million individuals aged fifteen to fifty years have ingested illicit substances in the earth’s entire population.

Adolescents who take drugs out of control on a regular basis frequently encounter catastrophic consequences. The purpose of this proposal is to identify the root causes of alcohol and drug addiction with a particular focus on adolescents.

Importance of the study

The primary goal of this study is to provide actionable information, provide support for concepts, and contribute to the advancement of knowledge on drug and alcohol addictions. The findings of this study will facilitate the creation of evidence-based solutions to successfully address the underlying causes of drug addiction in adolescents.

Effective techniques to prevent drug addiction will be established as a result of this research, lessening the probability of drug addiction among children. The findings of this study will also provide the knowledge needed to avoid potentially dangerous circumstances and the knowledge required to make good individual decisions. It will help in creating individual tactics for preventing both toxic peers and the natural societal expectations connected with drug addictions.

Literature review

There are several causes of drug addiction that have been recognized and empirically validated, including peer pressure, parental influences, and socio-economic factors among others. Starting with peer influences, a number of researchers have looked into whether or not peer pressure is a contributory factor to adolescent drug misuse. People are typically characterized by their interactions with others and the events that take place in their immediate surroundings.

The majority of adolescents like interacting with other people in groupings known as peer groups. According to Tam et al. (2020), the majority of persons get their first dosage of illegal drugs from a friends, family members, or their romantic partners. Therefore, a limited number of those who use drugs in a group will most likely influence others to engage in drug consumption. Humans are, in the vast majority of situations, strongly affected by the environments in which they spend the majority of their time.

Personal qualities are influenced by the structure and conduct of one’s family. The majority of modern households tend to live in attractive homes that have been impacted by western culture.

Most people equate gullibility with a family that practices conventional values and etiquette (Tam et al, 2020). Modern society has seen an erosion of cultural norms that has resulted in the erosion of social standards and the resulting reduction in social values.

Sociological theories of drug addiction assumes that drug addiction is caused by particular personality features and difficulties. They connect drug usage to a variety of social factors, including peer pressure, a lack of strong social ties, and the prevalence of a drug cultures.

As a result of his investigation into these theories, Knopf (2019), came to the conclusion that parental and peer relationships are essential in influencing the thoughts and actions of people, and thus should be considered in the investigation of drug addiction causes. Because of rising rates of migration and urbanization, traditional cultural familial ties are becoming increasingly frayed, and old cultural beliefs are losing their significance in today’s globalized society.

The majority of parents today can be seen openly consuming alcoholic beverages and taking drugs in the company of their children. This relationship is also compelled by congested urban centers.

Another denotative factor in drug addiction is a person’s socioeconomic condition. Rising population is accelerating at unprecedented rates, posing a number of economic issues for the world’s economies. According to Rotgers (2018), Unemployment is one of the most significant determinants of narcotics trafficking and illicit substance addiction in the United States. Individuals around the world, particularly in less developed nations, are searching for alternate ways of subsistence as a result of the current state of joblessness around the world.

Because of this, people become involved in drug trafficking activities narrowing the gap between multinational barons and local drug dealers and making narcotics more readily available to teens as a result. Young people are being forced to participate in drug smuggling and illicit drug use as a result of high levels of unemployment in their communities nowadays.

Unemployment, on the other hand, is not the only social economic element that influences adolescents to engage in drug usage and addictions. Other factors include inequities in earnings and distribution money provided to adolescents in industrialized nations, both of which have an impact on drug misuse among the majority of young people.

If the money given to adolescents are not handled responsibly and with necessary accountability, they can serve as a stimulant for drug usage and addiction. Individuals who earn low wages may be enticed to participate in drug smuggling as a result of income inequality.

Key terms

· Adolescents: young people between puberty and adulthood stages

· Addiction: Addiction is the inability of an individual to cease using a substance or participating in a certain conduct.

· Drugs: a drugs is a chemical or other stimulants that make the human work differently.

· Drugs Smuggling: The illegal making and selling of illicit drugs.

Relevance to Field of Psychology

Drug addictions are chronic conditions with a variety of features, including psychological, medical, sociological, and environment factors. The findings of this proposal will advance the knowledge of psychologists in understanding the causes of addictions in adolescent and how to best assist those who are affected. Following the identification of the underlying reasons of addiction, the field of psychology will utilize the findings of this study to advance the development of efficient behavioral and pharmaceutical treatments for addictive behaviors. The study will provide an in-depth look at the factors that lead to drug and alcohol addiction in adolescents. The findings may be useful to the area of psychology in the creation of more successful addiction counseling and treatment therapies in the near future.

Relevance to Students

Addiction is a complex subject, and this literature study will help students gain a better grasp of it. Having a better understanding of the repercussions of addiction can assist individuals avoid or stop others from developing an addiction by educating them on the factors that can lead to addiction. Student who interest is the psychology field will benefit significantly from learning the possible causes of addictions in their clients therefore being able to develop effective intervention plans for their patients.

Conclusion

Drug misuse amongst young people is unquestionably a worldwide problem. A variety of causes have motivated adolescents to become involved in drug usage. Peer pressure is a contributing element to adolescent drug addiction, with individuals who have a history of drug addiction persuading others to do the same thing (Knopf, 2019). Due to the widespread adoption of western culture by most families, which has resulted in the disintegration of cultural rules, which are vital in molding teenage behavior, household structure and family influences have an impact on drug addiction. Modernization and rural-to-urban migrations have both had a role in bringing about this situation.

Unemployment and other socio-economic conditions have had an impact on drug addiction amongst adolescents with numerous jobless residents attempting to find alternative means of subsisting. People who are unemployed are more likely to engage in drug misuse and human trafficking than those who are employed (Rotgers, 2018). Drug misuse is still the most difficult problem to deal with, and it is likely to continue to be a problem if the proper authorities do not take serious steps to bring the issue under control.

Reference

Amini Pozveh, Z., & Saleh, Z. (2020). The role of social skills in the prevention of drug addiction in adolescents. Advanced Biomedical Research, 9(1), 41. https://doi.org/10.4103/abr.abr_99_20

Knopf, A. (2019). Alcoholism starts in youth, so it should be screened for. Alcoholism &Amp; Drug Abuse Weekly, 31(9), 3-4. https://doi.org/10.1002/adaw.32278

Rotgers, F. (2018). What Causes Addiction? Research on Motivation. Psyccritiques, 49(Supplement 13). https://doi.org/10.1037/040794

Tam, C., Benotsch, E., & Li, X. (2020). Sexual enhancement expectancy, non-medical use of prescription drugs, and sexual risk behaviors in college students. Substance Abuse, 42(4), 577-586. https://doi.org/10.1080/08897077.2020.1803177