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Risk Management...


What is risk?

Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences.

Think about it! All of us encounter a risk, this is the possible that we can do in ourselves maybe good thing or bad things will happens. How can we solve this kinds of risk For me i have talents like playing sports it is very good into our health but there's a risk that can be happen. The risk is same as a problem, as a student of STI LUCENA we are updated of any kinds of technology that we can earn money by sitting in a chair in our own houses through the connection of internet I'm dex a 4th college student taking up comsci. All 4thyears are doing a projects name thesis because it is required. First of all our thesis title is QUEZON ONLINE AUCTION. In doing the thesis we are compose of four members. The quezon online auction is a website development.

What are the risk we encounter in doing the thesis Q-Auction and how we can solve it.

a. Time, Budget and Schedule

-yes the time is very important in doing thesis project, that we can submit on time.Time after time inspirations gives as strong to do our projects. In the used of budgeting we can solve the risk that will happen in doing the projects. In the help of management of scheduling like the PERT/CPM we can manage it to do the thesis organizable.

b. The group mates cooperation
-in doing thesis there are some problems like the funds and even fees. Its nice to assign everyone of the members have their own responsibility in developing the thesis of Q-Auction. The proponents will having a meeting on time to be more organize and preparation of the groups to avoid risks.

c. Lack of resources that is related in the project
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in developing the Q-Auction we are need some advices and interviews in person to person that are already involve businesses. That we can apply in our project that is related in sales.

d. Flow of the projects
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the correct flow of step by step in doing the project. It is nice to know the correct flow and to develop the functioning of the website development. In the use of some project management we can budget and manage the time to know the flow of the projects in the use of planning, analyzing and scheduling.

The risk is always there but we can avoid that by entertain ourselves to follow the right path/road.



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