Data Collection and Risk Analytics

Discussion Topic: Data Collection & Risk Analytics

Garbage in Garbage Out.pdf

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Download and read the attached article by Hulett and Preston (2000). According to the authors, the data collection process plays a key role in risk assessment. For example, the interview technique and the quality of the questionnaire that you’ve used to collect data for risk assessment, may affect the quality of your risk management plan.  Based on what you’ve read, your experience in risk management, and any other resources you care to utilize, discuss the following questions:

Why is the data collection process so important? What can project managers do to protect the quality and integrity of the data collection process?

Who do you think should be involved in data collection for project risk management? Why?

Based on the pdf file I have uploaded, answer the two questions above. Go over the pdf before answering the questions.

For more information on Data Collection and Risk Analytics read this:https://en.wikipedia.org/wiki/Analytics

Data Collection and Risk Analytics

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