I need an explanation for this Business question to help me study.
Part 1– Concentrate only on text book- no external journals required
a.Identify what you thought was the one most important concept(s), method(s), and/or specific item that you felt was worthy of your understanding from the Key Terms on page 244 for Chapter 7.
b.Discuss in detail what the term means, how it is used and other pertinent information about the selected term including a specific example, application or case study from your own experience. Be specific; not vague or general.
c. Provide a detailed discussion of why you thought this selection is important and how it relates overall to risk management.
Paper should be based upon the Chapter 7. Risk Management, so the textbook should be a source listed in the reference section and cited within the body of the text. Other sources are not required but feel free to use them if they are accurate to explain.
Part 1 should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Do not use lists or bullet points. This will result in substantial loss of points in the Substance section and the Requirements section. It must be substantive and demonstrate insight gained from the course material.
Part 2 – Scholarly journal is must and text book needs to be used – the scholarly journal needs to be referenced at the end of part 2 as well as cited within the body of the content
What are any four common categories of risk? What is an element of each category?
Part 2 is to answer the question provided above in essay form. This is to be in narrative form. Bullet points should not to be used. The paper should be at least 1.5 – 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to project management. This does not mean blogs or websites. This source should be a published article in a scholarly journal (Journal of Project Management) or a professional journal (such as PMI’s Project Management Journal). This source should provide substance and not just be mentioned briefly to fulfill this criteria. The textbook should also be utilized. Do not use quotes. Do not insert excess line spacing. APA formatting and citiation should be used.