Toll-Free 24/7: +1-561-581-1115 / Live Chat or WhatsApp


The benefits you enjoy ordering Essays from us:

A public engagement using 250 words

PJM410 MOD4 Discussion post Resonses

Please respond in at least 250 words each to both POST1: (A question from the professor) and POST2:

My original post:

Hello Class,

Resource Risks

There are three types of risks associated with resources, including human resources risks, costs risk, and outsourcing risk.

Human resources risk

Human resources risks are risks arising from the project team. How do
people contribute to these risks? The identified staff may join the
project late. Besides, there are individuals with questionable
dedication resulting in quieting problems hence schedule issues with
project completion. In addition, there is a risk of project team members
leaving either temporarily or permanently. These individuals may also
decide to strike where no activities are going on in the project site.
This type of risk calls for a mitigation action through member contracts
signing to prevent unprecedented leaving or unnecessary strikes (Larson
& Gray, 2015). It can also be avoided by not changing policies
without consulting the team’s representatives.

Risk of Outsourcing

This is a risk associated with using services, products or
individuals from third parties. These outsourced materials could fail
the standard compliance tests hence challenging the outsourcing control
measures (Larson & Gray, 2015). Mitigating this type of risk
requires a standard process of risk reduction. Minimizing the number of
products or services outsourced will ensure control effectiveness.

Cost Risks

Cost risks arise from insufficient funds to cater to the project
completion. These risks impact the project significantly. Without money,
goods and services cannot be outsourced and could cause project
closure. Managing the risks prompts using the method of accepting risk.
One can accept that the risks cannot be solved and that the problem of
insufficient funding may only be resolved by getting money (Allen et
al., 2015).

Resources risks are rampant. One incident is when a hospital was to
update its health information system by system digitalization. However,
funds were not enough to purchase the latest HIS and facilitate the
process of implementation.


Allen, M., Carpenter, C., Hutchins, M., & Jones, G. (2015). Impact of risk management on project cost: An industry comparison. (Links to an external site.) Journal of Information Technology & Economic Development, 6(2), 1-19.

Larson, E. W., & Gray, C. F. (2015). A guide to the project management body of knowledge: PMBOK (®) guide. In Project Management Institute.

POST1: A question from the professor.

Great thoughts this week. Thank you for the continued engagement and
welcome to week four. I think the four risks you selected are very
good, HR, outsourcing, and cost risks are three very important risks to

What about quality risk? Many students do not mention this one. Do
you think it’s due to overlapping with other risks? How is this


risks are due to insufficient resources within the plan that cause
project failure. There are four resource risks that are needed to meet
the scope and project objectives which include time, money, people, and
equipment and/or facilities (Bissonette, 2016). The project manager is
not in control of the resources but are often due to the stakeholder
either with holding resources or not having the resources to give.


Money is a very important resource to all projects. A project needs a
certain amount of funds to complete a project depending on the
project’s needs. The stakeholders control the amount of funds that go
into each project. Sometimes the funds meet the needs of the project but
do not cover unforeseen risks, or maybe the stake holder wants to give
as little as possible to the project which accounts for purchasing poor
material or cheaper labor. Some ways to manage monetary risks in
projects are to push for a contingency fund and really do research on
materials and ways to save money without producing poor quality. Seeing
if there are things within the project that really need to be there
(Bissonette, 2016).


Time is also another important resource for projects and sometimes is
crucial to be one time to stay within budget. If the project takes too
long, then other expenses may occur like paying tradesmen for extra days
on the job. Time delays should be avoided but if they cannot be trying
to adjust the project to loosen the reins in one area and tightening in
others to help prevent project failure (Bissonette, 2016).

Equipment and/or Facilities:

In some cases, the necessary equipment or facilities are not provided
to finish a project in its entirety. In some cases, could try and
outsource the equipment but still there is a risk for it increasing
funds along with other issues like poor communication, vendor quality,
legal issues, there being trust issues, and more (Iqbal, Farid, Qadir,
& Khan, 2017).


When the person for the project is not the right person or limited
staffing for the project can all be detrimental to the project’s
success. There needs to be a buffer in the schedule to make sure there
is no staffing overlaps.


I have not worked on a project, but an example would be for monetary
risks: a project manager building a custom home for someone and they
want you to include all the bells and whistles which exceeds their
budget by $100,000. There are insufficient funds to carry on the project
and for the project to be a success would need to give something up
like shingles on the roof instead of metal roof or DIY an outdoor
kitchen instead of paying $10,000 for the builder.




Bissonette, M. M. (2016). Project risk management: a practical implementation approach. Project Management Institute, Inc. Newtown Square, Pennsylvania

Iqbal, J., Farid, S., Qadir, M., & Khan, M. (2017). Significant risks of outsourced IT projects. Technical Journal.
University of Engineering and Technology (EUT) Taxila, Pakistan.

"Get a Free Quote/Consultation for a Similar Assignment"

Proficient Writer Editorial Team

Proficient Writer Editorial Team

Proficient Writer is a team of professionals that offer academic help. We write fresh, unique, and premium quality academic papers. Our professional academic experts write for a wide range of subjects. Do you need help with your essay or any academic work? Please chat with us or send us an email (