Describe four response strategies when dealing with negative risks. Discuss a good or practice for managing and controlling quality. When should an organization “make” something versus buying it?

Project Risk, Quality, and Supply Chain Management

Read the assigned chapters for this module and address three of the following questions. Then reply to at least two of your peers.

Can project risks have positive impact on project? If yes, what is it call and provide an example.
Describe four response strategies when dealing with negative risks.
Discuss a good or practice for managing and controlling quality.
When should an organization “make” something versus buying it?
You are working on a large project that is new to you, to the company , and also to the industry. Thus there is only a basic knowledge of the project. An important part of the project is the acquisition of an important product and the associated service. Which contracting process should you utilize? Explain.

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