Risk Assessment in Decision Making

Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. It is important to apply various risk assessment tools, such as the probability theory, to business circumstances in relation to project management decisionmaking. Using what you have learned this week, do the following: Define Project Management Office (PMO) and discuss the various forms of PMOs Discuss how project organization structure (e.g., matrix, functional, or projectized) may influence project risk management Explain how a PMO can implement processes to mitigate the following: Schedule risks Costs risks